diff --git a/.changes/1.24.54.json b/.changes/1.24.54.json
new file mode 100644
index 0000000000..3924bd8d92
--- /dev/null
+++ b/.changes/1.24.54.json
@@ -0,0 +1,42 @@
+[
+  {
+    "category": "``appmesh``",
+    "description": "[``botocore``] AWS App Mesh release to support Multiple Listener and Access Log Format feature",
+    "type": "api-change"
+  },
+  {
+    "category": "``connectcampaigns``",
+    "description": "[``botocore``] Updated exceptions for Amazon Connect Outbound Campaign api's.",
+    "type": "api-change"
+  },
+  {
+    "category": "``kendra``",
+    "description": "[``botocore``] This release adds Zendesk connector (which allows you to specify Zendesk SAAS platform as data source), Proxy Support for Sharepoint and Confluence Server (which allows you to specify the proxy configuration if proxy is required to connect to your Sharepoint/Confluence Server as data source).",
+    "type": "api-change"
+  },
+  {
+    "category": "``lakeformation``",
+    "description": "[``botocore``] This release adds a new API support \"AssumeDecoratedRoleWithSAML\" and also release updates the corresponding documentation.",
+    "type": "api-change"
+  },
+  {
+    "category": "``lambda``",
+    "description": "[``botocore``] Added support for customization of Consumer Group ID for MSK and Kafka Event Source Mappings.",
+    "type": "api-change"
+  },
+  {
+    "category": "``lexv2-models``",
+    "description": "[``botocore``] Update lexv2-models client to latest version",
+    "type": "api-change"
+  },
+  {
+    "category": "``rds``",
+    "description": "[``botocore``] Adds support for Internet Protocol Version 6 (IPv6) for RDS Aurora database clusters.",
+    "type": "api-change"
+  },
+  {
+    "category": "``secretsmanager``",
+    "description": "[``botocore``] Documentation updates for Secrets Manager.",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index e714038bac..c97767ba44 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,19 @@
 CHANGELOG
 =========
 
+1.24.54
+=======
+
+* api-change:``appmesh``: [``botocore``] AWS App Mesh release to support Multiple Listener and Access Log Format feature
+* api-change:``connectcampaigns``: [``botocore``] Updated exceptions for Amazon Connect Outbound Campaign api's.
+* api-change:``kendra``: [``botocore``] This release adds Zendesk connector (which allows you to specify Zendesk SAAS platform as data source), Proxy Support for Sharepoint and Confluence Server (which allows you to specify the proxy configuration if proxy is required to connect to your Sharepoint/Confluence Server as data source).
+* api-change:``lakeformation``: [``botocore``] This release adds a new API support "AssumeDecoratedRoleWithSAML" and also release updates the corresponding documentation.
+* api-change:``lambda``: [``botocore``] Added support for customization of Consumer Group ID for MSK and Kafka Event Source Mappings.
+* api-change:``lexv2-models``: [``botocore``] Update lexv2-models client to latest version
+* api-change:``rds``: [``botocore``] Adds support for Internet Protocol Version 6 (IPv6) for RDS Aurora database clusters.
+* api-change:``secretsmanager``: [``botocore``] Documentation updates for Secrets Manager.
+
+
 1.24.53
 =======
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index 1488c3755f..a7f80c1d7f 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -17,7 +17,7 @@
 from boto3.session import Session
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.24.53'
+__version__ = '1.24.54'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index 5209f986cb..3c54bb3268 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.27.53,<1.28.0
+    botocore>=1.27.54,<1.28.0
     jmespath>=0.7.1,<2.0.0
     s3transfer>=0.6.0,<0.7.0
 
diff --git a/setup.py b/setup.py
index 51e6f1159d..d6587623a7 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
 
 
 requires = [
-    'botocore>=1.27.53,<1.28.0',
+    'botocore>=1.27.54,<1.28.0',
     'jmespath>=0.7.1,<2.0.0',
     's3transfer>=0.6.0,<0.7.0',
 ]