diff --git a/Makefile b/Makefile
index d9bad5aa9be3583256b7ad443e517e2b9919a322..2df93aff43b41e383f0367bf106dfe85e37ca4db 100644
--- a/Makefile
+++ b/Makefile
@@ -5,10 +5,10 @@ MKDIR  ?= mkdir
 DIST_DIR ?= $(CURDIR)/dist
 
 LIB_NAME := nvidia-container-runtime
-LIB_VERSION := 3.4.1
+LIB_VERSION := 3.4.2
 PKG_REV := 1
 
-TOOLKIT_VERSION := 1.4.1
+TOOLKIT_VERSION := 1.4.2
 GOLANG_VERSION  := 1.15.6
 
 # Supported OSs by architecture
diff --git a/debian/changelog b/debian/changelog
index 4f878caacf0d44dbbd51ec7efdb77545becb95b5..4802f5ae5f779cd81d4b67131f4630b711297fdb 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+nvidia-container-runtime (3.4.2-1) UNRELEASED; urgency=medium
+
+  * Add dependence on nvidia-container-toolkit >= 1.4.2
+
+ -- NVIDIA CORPORATION <cudatools@nvidia.com>  Fri, 05 Feb 2021 02:30:49 +0000
+
 nvidia-container-runtime (3.4.1-1) UNRELEASED; urgency=medium
 
   * Update README to list 'compute' as part of the default capabilities
diff --git a/rpm/SPECS/nvidia-container-runtime.spec b/rpm/SPECS/nvidia-container-runtime.spec
index 2730851ec0efc5d2aaf6af823a6f94c123b08b38..493b35650459a545d47ff060df8e4520bb754ea7 100644
--- a/rpm/SPECS/nvidia-container-runtime.spec
+++ b/rpm/SPECS/nvidia-container-runtime.spec
@@ -40,6 +40,9 @@ install -m 755 -t %{buildroot}%{_bindir} nvidia-container-runtime
 %{_bindir}/nvidia-container-runtime
 
 %changelog
+* Fri Feb 05 2021 NVIDIA CORPORATION <cudatools@nvidia.com> 3.4.2-1
+- Add dependence on nvidia-container-toolkit >= 1.4.2
+
 * Mon Jan 25 2021 NVIDIA CORPORATION <cudatools@nvidia.com> 3.4.1-1
 - Update README to list 'compute' as part of the default capabilities
 - Switch to gomod for vendoring