diff --git a/Cargo.lock b/Cargo.lock
index 81aa1624eb7..621e1e62ffc 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3553,7 +3553,7 @@ dependencies = [
  "solana-runtime",
  "solana-sdk",
  "solana-vote-program",
- "spl-associated-token-account 1.0.2 (registry+https://github.com/rust-lang/crates.io-index)",
+ "spl-associated-token-account 1.0.2",
  "spl-memo 3.0.1 (registry+https://github.com/rust-lang/crates.io-index)",
  "spl-token 3.1.1",
  "thiserror",
@@ -3624,21 +3624,21 @@ checksum = "6e63cff320ae2c57904679ba7cb63280a3dc4613885beafb148ee7bf9aa9042d"
 [[package]]
 name = "spl-associated-token-account"
 version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4adc47eebe5d2b662cbaaba1843719c28a67e5ec5d0460bc3ca60900a51f74e2"
 dependencies = [
  "solana-program",
- "solana-program-test",
- "solana-sdk",
- "spl-token 3.2.0",
+ "spl-token 3.1.1",
 ]
 
 [[package]]
 name = "spl-associated-token-account"
-version = "1.0.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4adc47eebe5d2b662cbaaba1843719c28a67e5ec5d0460bc3ca60900a51f74e2"
+version = "1.0.3"
 dependencies = [
  "solana-program",
- "spl-token 3.1.1",
+ "solana-program-test",
+ "solana-sdk",
+ "spl-token 3.2.0",
 ]
 
 [[package]]
@@ -3859,7 +3859,7 @@ dependencies = [
  "solana-program",
  "solana-remote-wallet",
  "solana-sdk",
- "spl-associated-token-account 1.0.2",
+ "spl-associated-token-account 1.0.3",
  "spl-stake-pool",
  "spl-token 3.2.0",
 ]
@@ -3906,7 +3906,7 @@ dependencies = [
  "solana-logger",
  "solana-remote-wallet",
  "solana-sdk",
- "spl-associated-token-account 1.0.2",
+ "spl-associated-token-account 1.0.3",
  "spl-memo 3.0.1",
  "spl-token 3.2.0",
 ]
diff --git a/associated-token-account/program/Cargo.toml b/associated-token-account/program/Cargo.toml
index 475d906a61c..1fc480c4e20 100644
--- a/associated-token-account/program/Cargo.toml
+++ b/associated-token-account/program/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "spl-associated-token-account"
-version = "1.0.2"
+version = "1.0.3"
 description = "Solana Program Library Associated Token Account"
 authors = ["Solana Maintainers <maintainers@solana.foundation>"]
 repository = "https://github.com/solana-labs/solana-program-library"