diff --git a/.changes/1.29.1.json b/.changes/1.29.1.json
new file mode 100644
index 0000000000..a8a4332b24
--- /dev/null
+++ b/.changes/1.29.1.json
@@ -0,0 +1,67 @@
+[
+  {
+    "category": "Package Size",
+    "description": "[``botocore``] The botocore .whl file distributed on PyPI now provides compressed service models to improve total size on disk.",
+    "type": "enhancement"
+  },
+  {
+    "category": "``autoscaling``",
+    "description": "[``botocore``] This release introduces Instance Maintenance Policy, a new EC2 Auto Scaling capability that allows customers to define whether instances are launched before or after existing instances are terminated during instance replacement operations.",
+    "type": "api-change"
+  },
+  {
+    "category": "``cloudtrail``",
+    "description": "[``botocore``] The Lake Repricing feature lets customers configure a BillingMode for an event data store. The BillingMode determines the cost for ingesting and storing events and the default and maximum retention period for the event data store.",
+    "type": "api-change"
+  },
+  {
+    "category": "``codecatalyst``",
+    "description": "[``botocore``] This release adds functionality for retrieving information about workflows and workflow runs and starting workflow runs in Amazon CodeCatalyst.",
+    "type": "api-change"
+  },
+  {
+    "category": "``ec2``",
+    "description": "[``botocore``] AWS EBS now supports Snapshot Lock, giving users the ability to lock an EBS Snapshot to prohibit deletion of the snapshot. This release introduces the LockSnapshot, UnlockSnapshot & DescribeLockedSnapshots APIs to manage lock configuration for snapshots. The release also includes the dl2q_24xlarge.",
+    "type": "api-change"
+  },
+  {
+    "category": "``finspace-data``",
+    "description": "[``botocore``] Adding deprecated trait to APIs in this name space.",
+    "type": "api-change"
+  },
+  {
+    "category": "``finspace``",
+    "description": "[``botocore``] Adding deprecated trait on Dataset Browser Environment APIs",
+    "type": "api-change"
+  },
+  {
+    "category": "``lambda``",
+    "description": "[``botocore``] Add Java 21 (java21) support to AWS Lambda",
+    "type": "api-change"
+  },
+  {
+    "category": "``mwaa``",
+    "description": "[``botocore``] This Amazon MWAA release adds support for customer-managed VPC endpoints. This lets you choose whether to create, and manage your environment's VPC endpoints, or to have Amazon MWAA create, and manage them for you.",
+    "type": "api-change"
+  },
+  {
+    "category": "``rds``",
+    "description": "[``botocore``] Updates Amazon RDS documentation for support for upgrading RDS for MySQL snapshots from version 5.7 to version 8.0.",
+    "type": "api-change"
+  },
+  {
+    "category": "``redshift``",
+    "description": "[``botocore``] The custom domain name SDK for Amazon Redshift provisioned clusters is updated with additional required parameters for modify and delete operations. Additionally, users can provide domain names with longer top-level domains.",
+    "type": "api-change"
+  },
+  {
+    "category": "``s3control``",
+    "description": "[``botocore``] Add 5 APIs to create, update, get, list, delete S3 Storage Lens group(eg. CreateStorageLensGroup), 3 APIs for tagging(TagResource,UntagResource,ListTagsForResource), and update to StorageLensConfiguration to allow metrics to be aggregated on Storage Lens groups.",
+    "type": "api-change"
+  },
+  {
+    "category": "``ssm-sap``",
+    "description": "[``botocore``] Update the default value of MaxResult to 50.",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 150300aa61..c5a53176e3 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,24 @@
 CHANGELOG
 =========
 
+1.29.1
+======
+
+* enhancement:Package Size: [``botocore``] The botocore .whl file distributed on PyPI now provides compressed service models to improve total size on disk.
+* api-change:``autoscaling``: [``botocore``] This release introduces Instance Maintenance Policy, a new EC2 Auto Scaling capability that allows customers to define whether instances are launched before or after existing instances are terminated during instance replacement operations.
+* api-change:``cloudtrail``: [``botocore``] The Lake Repricing feature lets customers configure a BillingMode for an event data store. The BillingMode determines the cost for ingesting and storing events and the default and maximum retention period for the event data store.
+* api-change:``codecatalyst``: [``botocore``] This release adds functionality for retrieving information about workflows and workflow runs and starting workflow runs in Amazon CodeCatalyst.
+* api-change:``ec2``: [``botocore``] AWS EBS now supports Snapshot Lock, giving users the ability to lock an EBS Snapshot to prohibit deletion of the snapshot. This release introduces the LockSnapshot, UnlockSnapshot & DescribeLockedSnapshots APIs to manage lock configuration for snapshots. The release also includes the dl2q_24xlarge.
+* api-change:``finspace-data``: [``botocore``] Adding deprecated trait to APIs in this name space.
+* api-change:``finspace``: [``botocore``] Adding deprecated trait on Dataset Browser Environment APIs
+* api-change:``lambda``: [``botocore``] Add Java 21 (java21) support to AWS Lambda
+* api-change:``mwaa``: [``botocore``] This Amazon MWAA release adds support for customer-managed VPC endpoints. This lets you choose whether to create, and manage your environment's VPC endpoints, or to have Amazon MWAA create, and manage them for you.
+* api-change:``rds``: [``botocore``] Updates Amazon RDS documentation for support for upgrading RDS for MySQL snapshots from version 5.7 to version 8.0.
+* api-change:``redshift``: [``botocore``] The custom domain name SDK for Amazon Redshift provisioned clusters is updated with additional required parameters for modify and delete operations. Additionally, users can provide domain names with longer top-level domains.
+* api-change:``s3control``: [``botocore``] Add 5 APIs to create, update, get, list, delete S3 Storage Lens group(eg. CreateStorageLensGroup), 3 APIs for tagging(TagResource,UntagResource,ListTagsForResource), and update to StorageLensConfiguration to allow metrics to be aggregated on Storage Lens groups.
+* api-change:``ssm-sap``: [``botocore``] Update the default value of MaxResult to 50.
+
+
 1.29.0
 ======
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index dff30bf8c1..906363bd57 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -17,7 +17,7 @@
 from boto3.session import Session
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.29.0'
+__version__ = '1.29.1'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index e5b3322156..6a6a7f7227 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.32.0,<1.33.0
+    botocore>=1.32.1,<1.33.0
     jmespath>=0.7.1,<2.0.0
     s3transfer>=0.7.0,<0.8.0
 
diff --git a/setup.py b/setup.py
index 6421f47c98..b711af5459 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
 
 
 requires = [
-    'botocore>=1.32.0,<1.33.0',
+    'botocore>=1.32.1,<1.33.0',
     'jmespath>=0.7.1,<2.0.0',
     's3transfer>=0.7.0,<0.8.0',
 ]