diff --git a/doc/APIchanges b/doc/APIchanges
index aa5729196e1ac76addcf2b155919e12b9f7e473a..706acfb0099e5a14fa2e1391cee943cb15a377c6 100644
--- a/doc/APIchanges
+++ b/doc/APIchanges
@@ -2,7 +2,7 @@ Never assume the API of libav* to be stable unless at least 1 month has passed
 since the last major version increase.
 
 The last version increases were:
-libavcodec:  2011-04-18
+libavcodec:  2012-01-27
 libavdevice: 2011-04-18
 libavfilter: 2011-04-18
 libavformat: 2011-04-18
diff --git a/libavcodec/version.h b/libavcodec/version.h
index 95d0baa6121ef8120aefa462d6782e9ddda4ee73..5042f4dc54552fa11a872ea5fba09f89a50f4ba9 100644
--- a/libavcodec/version.h
+++ b/libavcodec/version.h
@@ -20,8 +20,8 @@
 #ifndef AVCODEC_VERSION_H
 #define AVCODEC_VERSION_H
 
-#define LIBAVCODEC_VERSION_MAJOR 53
-#define LIBAVCODEC_VERSION_MINOR 36
+#define LIBAVCODEC_VERSION_MAJOR 54
+#define LIBAVCODEC_VERSION_MINOR  0
 #define LIBAVCODEC_VERSION_MICRO  0
 
 #define LIBAVCODEC_VERSION_INT  AV_VERSION_INT(LIBAVCODEC_VERSION_MAJOR, \
diff --git a/tests/ref/lavf/ffm b/tests/ref/lavf/ffm
index cdfec4d1fb03fba1040667af2531af4168ad5f5f..73e94ddfd6d4a503f35dadcf115d2bf45fdfd013 100644
--- a/tests/ref/lavf/ffm
+++ b/tests/ref/lavf/ffm
@@ -1,3 +1,3 @@
-bf46c0b53fc318d0a60fa9bf446b2e4f *./tests/data/lavf/lavf.ffm
+4ef091d638bb20b8eaef5b3a0d6f97b7 *./tests/data/lavf/lavf.ffm
 376832 ./tests/data/lavf/lavf.ffm
 ./tests/data/lavf/lavf.ffm CRC=0xf361ed74