diff --git a/deploy/helm/CHANGELOG.md b/deploy/helm/CHANGELOG.md
index a8b6a145..54438564 100644
--- a/deploy/helm/CHANGELOG.md
+++ b/deploy/helm/CHANGELOG.md
@@ -23,6 +23,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 * Added telemetry port to kubernetes "ports" [#129](https://github.com/solarwinds/swi-k8s-opentelemetry-collector/pull/129)
 * Added `tolerations` config of Logs collection DaemonSet (with default to run on tainted nodes) [#141](https://github.com/solarwinds/swi-k8s-opentelemetry-collector/pull/141)
 
+### Changed
+* Upgraded OTEL collector image to [0.3.0](https://github.com/solarwinds/swi-k8s-opentelemetry-collector/releases/tag/0.3.0) which brings following changes
+    * OTEL upgraded to 0.69.0
+    * Added `filestorage` so it can be in processors
+
 ### Fixed
 
 * Added optimizations to Log collector preventing Out of Memory situations [#137](https://github.com/solarwinds/swi-k8s-opentelemetry-collector/pull/137)