diff --git a/.nupic_modules b/.nupic_modules
index 6aff9aa98d..03fd9ef22f 100644
--- a/.nupic_modules
+++ b/.nupic_modules
@@ -1,3 +1,3 @@
 # Default nupic.core dependencies (override in optional .nupic_config)
 NUPIC_CORE_REMOTE = 'git://github.com/numenta/nupic.core.git'
-NUPIC_CORE_COMMITISH = 'c030b844111ede620450a0867895c978091aa653'
\ No newline at end of file
+NUPIC_CORE_COMMITISH = '5cb1b8ab60e08ea868dacaa9c58b266c7409a016'
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2de8438b47..8d27599d31 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,26 @@
 # Changelog
 
+## 0.5.4
+
+* Added overlap accessors to spatial_pooler.py plus unit tests. (Code style corrected)
+* Updated VERSION in Spatial Pooler and added backward compatibility in setstate()
+* Added members overlaps and boostedOverlaps to SpatialPooler class.
+* Addition of overlaps and boostedOverlaps members to SpatialPooler class plus unit tests.
+* Added docs for return type in RDSE internal func.
+* tm_cpp with tuned parameters
+* RES-215 Changes to add params for new TM subclass for NAB
+* Remove main function from SDRClassifierRegion
+* remove unused methods from SDRClassifierRegion
+* Add simple end-to-end integration test for SDRClassifierRegion
+* use string split instead of eval to parse strings
+* correct inconsistent error msg in sdr_classifier_factory.py
+* Fix readWrite test of SDR classifier
+* Add SDRClassifier Region to pyRegions
+* Initial implementation of SDRClassifier Region
+* implement SDR classifier factory
+* Add capnp proto for SDR classifier region
+* Add default value for SDR classifier implementation in nupic-default.xml
+
 ## 0.5.3
 
 * Default DATETIME columns to NULL in ClientJobsDAO for compatibility across mysql versions. As of mysql 5.7.8, values of 0 are not allowed for DATETIME columns, and CURRENT_TIMESTAMP is semantically inappropriate for those columns.
diff --git a/README.md b/README.md
index a2a86a2a71..b756e2300f 100644
--- a/README.md
+++ b/README.md
@@ -6,7 +6,7 @@ The Numenta Platform for Intelligent Computing (**NuPIC**) is a machine intellig
 
 For more information, see [numenta.org](http://numenta.org) or the [NuPIC wiki](https://github.com/numenta/nupic/wiki).
 
-## Installing NuPIC 0.5.3
+## Installing NuPIC 0.5.4
 
 NuPIC binaries are available for:
 
@@ -35,7 +35,7 @@ First, you must install [Xcode command line tools](https://developer.apple.com/l
 
 > **NOTE**: The `nupic.bindings` binary distribution is not stored on [PyPi](https://pypi.python.org/pypi/nupic) along with the OS X distribution. NuPIC uses the [wheel](http://pythonwheels.com) binary format, and PyPi does not support hosting Linux wheel files. So we are forced to host our own.
 
-    pip install https://s3-us-west-2.amazonaws.com/artifacts.numenta.org/numenta/nupic.core/releases/nupic.bindings/nupic.bindings-0.4.3-cp27-none-linux_x86_64.whl
+    pip install https://s3-us-west-2.amazonaws.com/artifacts.numenta.org/numenta/nupic.core/releases/nupic.bindings/nupic.bindings-0.4.4-cp27-none-linux_x86_64.whl
     pip install nupic
 
 ### Install Windows
diff --git a/VERSION b/VERSION
index 0200e65099..7d8568351b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.5.4.dev0
+0.5.4
diff --git a/docs/Doxyfile b/docs/Doxyfile
index 8438d1e587..0fe8c519fc 100644
--- a/docs/Doxyfile
+++ b/docs/Doxyfile
@@ -38,7 +38,7 @@ PROJECT_NAME           = NuPIC
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 0.5.4.dev0
+PROJECT_NUMBER         = 0.5.4
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/external/common/requirements.txt b/external/common/requirements.txt
index 923f30c72d..00e93e8332 100644
--- a/external/common/requirements.txt
+++ b/external/common/requirements.txt
@@ -17,5 +17,5 @@ pyproj==1.9.3
 prettytable==0.7.2
 # When updating nupic.bindings, also update any shared dependencies to keep
 # versions in sync.
-nupic.bindings==0.4.4.dev0
+nupic.bindings==0.4.4
 numpy==1.9.2