diff --git a/.gitignore b/.gitignore
index 73d54a7..96e40b3 100644
--- a/.gitignore
+++ b/.gitignore
@@ -80,3 +80,4 @@
 /setuptools-34.2.0.zip
 /setuptools-34.3.0.zip
 /setuptools-34.3.2.zip
+/setuptools-35.0.1.zip
diff --git a/python-setuptools.spec b/python-setuptools.spec
index 6784cd7..0313963 100644
--- a/python-setuptools.spec
+++ b/python-setuptools.spec
@@ -29,7 +29,7 @@
 %endif
 
 Name:           python-setuptools
-Version:        34.3.2
+Version:        35.0.1
 Release:        1%{?dist}
 Summary:        Easily build and distribute Python packages
 
@@ -230,6 +230,9 @@ LANG=en_US.utf8 PYTHONPATH=$(pwd) py.test-%{python3_version}
 %endif # with_python3
 
 %changelog
+* Sun Apr 23 2017 Kevin Fenzi <kevin@scrye.com> - 35.0.1-1
+- Update to 35.0.1. Fixes bug #1440388
+
 * Sat Mar 25 2017 Kevin Fenzi <kevin@scrye.com> - 34.3.2-1
 - Update to 34.3.2. Fixes bug #1428818
 
diff --git a/sources b/sources
index fb51c60..822d69a 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (setuptools-34.3.2.zip) = f2f849a505c80bf93825d8136df4b3198a8041bfdc183882a8d2194ca1376b3e3ea24f56d2975eb374be54923e8bb45c7afeedbce86798efb31b1fb9e3b6c371
+SHA512 (setuptools-35.0.1.zip) = a3f5362ad64dead468172f9989bc62043ce736180d22e50d9815af25aecbceb58e701bb87a643b9fbbf0beedb37a45268b23b1b5e7e6e397aa124f43b1d4bb0d