diff --git a/package.json b/package.json
index 0c19a98f957..37febe3da4b 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
     "name": "typescript",
     "author": "Microsoft Corp.",
     "homepage": "https://www.typescriptlang.org/",
-    "version": "4.8.0",
+    "version": "4.9.0",
     "license": "Apache-2.0",
     "description": "TypeScript is a language for application scale JavaScript development",
     "keywords": [
diff --git a/src/compiler/corePublic.ts b/src/compiler/corePublic.ts
index aabd9ac8333..4726bf090ba 100644
--- a/src/compiler/corePublic.ts
+++ b/src/compiler/corePublic.ts
@@ -1,7 +1,7 @@
 namespace ts {
     // WARNING: The script `configurePrerelease.ts` uses a regexp to parse out these values.
     // If changing the text in this section, be sure to test `configurePrerelease` too.
-    export const versionMajorMinor = "4.8";
+    export const versionMajorMinor = "4.9";
     // The following is baselined as a literal template type without intervention
     /** The version of the TypeScript compiler release */
     // eslint-disable-next-line @typescript-eslint/no-inferrable-types
diff --git a/tests/baselines/reference/api/tsserverlibrary.d.ts b/tests/baselines/reference/api/tsserverlibrary.d.ts
index 103b3664e8b..77ddcc8ffce 100644
--- a/tests/baselines/reference/api/tsserverlibrary.d.ts
+++ b/tests/baselines/reference/api/tsserverlibrary.d.ts
@@ -14,7 +14,7 @@ and limitations under the License.
 ***************************************************************************** */
 
 declare namespace ts {
-    const versionMajorMinor = "4.8";
+    const versionMajorMinor = "4.9";
     /** The version of the TypeScript compiler release */
     const version: string;
     /**
diff --git a/tests/baselines/reference/api/typescript.d.ts b/tests/baselines/reference/api/typescript.d.ts
index 3ea4fe3130e..41938960fa8 100644
--- a/tests/baselines/reference/api/typescript.d.ts
+++ b/tests/baselines/reference/api/typescript.d.ts
@@ -14,7 +14,7 @@ and limitations under the License.
 ***************************************************************************** */
 
 declare namespace ts {
-    const versionMajorMinor = "4.8";
+    const versionMajorMinor = "4.9";
     /** The version of the TypeScript compiler release */
     const version: string;
     /**