diff --git a/README.patches b/README.patches
index 685d6ce..b9ed070 100644
--- a/README.patches
+++ b/README.patches
@@ -73,3 +73,4 @@ Individual patches for Vim 7.3:
   1739  7.3.045  compiler warning for uninitialized variable
   2126  7.3.046  can't build Ruby on MS-Windows
   6058  7.3.047  (after 7.3.032) missing makefile updates for test 75
+  3410  7.3.048  ":earlier 1f" doesn't work after loading undo file
diff --git a/vim.spec b/vim.spec
index 5453378..5e06203 100644
--- a/vim.spec
+++ b/vim.spec
@@ -18,7 +18,7 @@
 #used for pre-releases:
 %define beta %{nil}
 %define vimdir vim73%{?beta}
-%define patchlevel 047
+%define patchlevel 048
 
 Summary: The VIM editor
 URL:     http://www.vim.org/
@@ -111,6 +111,7 @@ Patch044: ftp://ftp.vim.org/pub/vim/patches/7.3/7.3.044
 Patch045: ftp://ftp.vim.org/pub/vim/patches/7.3/7.3.045
 Patch046: ftp://ftp.vim.org/pub/vim/patches/7.3/7.3.046
 Patch047: ftp://ftp.vim.org/pub/vim/patches/7.3/7.3.047
+Patch048: ftp://ftp.vim.org/pub/vim/patches/7.3/7.3.048
 
 Patch3000: vim-7.3-syntax.patch
 Patch3002: vim-7.1-nowarnings.patch
@@ -302,6 +303,7 @@ perl -pi -e "s,bin/nawk,bin/awk,g" runtime/tools/mve.awk
 %patch045 -p0
 %patch046 -p0
 %patch047 -p0
+%patch048 -p0
 
 
 # install spell files
@@ -769,6 +771,9 @@ rm -rf $RPM_BUILD_ROOT
 %{_datadir}/icons/hicolor/*/apps/*
 
 %changelog
+* Thu Nov 04 2010 Karsten Hopp <karsten@redhat.com> 7.3.048-1
+- patchlevel 048
+
 * Thu Oct 28 2010 Karsten Hopp <karsten@redhat.com> 7.3.047-1
 - patchlevel 047