diff --git a/stable/ambassador/Chart.yaml b/stable/ambassador/Chart.yaml
index 2afef72f78..14cc69d8fb 100644
--- a/stable/ambassador/Chart.yaml
+++ b/stable/ambassador/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v1
-appVersion: 0.73.0
+appVersion: 0.74.0
 description: A Helm chart for Datawire Ambassador
 name: ambassador
-version: 3.1.0
+version: 3.1.1
 icon: https://www.getambassador.io/images/logo.png
 home: https://www.getambassador.io/
 sources:
diff --git a/stable/ambassador/README.md b/stable/ambassador/README.md
index b06458a9f4..dfdfcebf64 100755
--- a/stable/ambassador/README.md
+++ b/stable/ambassador/README.md
@@ -62,7 +62,7 @@ The following tables lists the configurable parameters of the Ambassador chart a
 | `env`                              | Any additional environment variables for ambassador pods                        | `{}`                              |
 | `image.pullPolicy`                 | Ambassador image pull policy                                                    | `IfNotPresent`                    |
 | `image.repository`                 | Ambassador image                                                                | `quay.io/datawire/ambassador`     |
-| `image.tag`                        | Ambassador image tag                                                            | `0.72.0`                          |
+| `image.tag`                        | Ambassador image tag                                                            | `0.74.0`                          |
 | `imagePullSecrets`                 | Image pull secrets                                                              | `[]`                              |
 | `namespace.name`                   | Set the `AMBASSADOR_NAMESPACE` environment variable                             | `metadata.namespace`              |
 | `scope.singleNamespace`            | Set the `AMBASSADOR_SINGLE_NAMESPACE` environment variable and create namespaced RBAC if `rbac.enabled: true` | `false`                           |
@@ -110,12 +110,7 @@ The following tables lists the configurable parameters of the Ambassador chart a
 
 Ambassador configuration is done through annotations on Kubernetes services or Custom Resource Definitions (CRDs). The `service.annotations` section of the values file contains commented out examples of [Ambassador Module](https://www.getambassador.io/reference/core/ambassador) and a global [TLSContext](https://www.getambassador.io/reference/core/tls) configurations which are typically created in the Ambassador service.
 
-If you intend to use `service.annotations`, remember to include the `getambassador.io/config` annotation key as above,
-and remember that you'll have to escape newlines. For example, the annotation above could be defined as
-
-```
-service.annotations: { "getambassador.io/config": "---\napiVersion: ambassador/v1\nkind: Module\nname: ambassador\nconfig:\n  service_port: 8080" }
-```
+If you intend to use `service.annotations`, remember to include the `getambassador.io/config` annotation key as above.
 
 ### Ambassador Pro
 
diff --git a/stable/ambassador/values.yaml b/stable/ambassador/values.yaml
index c2175fdfaa..8a5a383636 100644
--- a/stable/ambassador/values.yaml
+++ b/stable/ambassador/values.yaml
@@ -46,7 +46,7 @@ securityContext:
 
 image:
   repository: quay.io/datawire/ambassador
-  tag: 0.73.0
+  tag: 0.74.0
   pullPolicy: IfNotPresent
 
 nameOverride: ""