diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6d230f6dce..e8b47ad1c0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Svelte changelog
 
+## 1.63.1
+
+* Allow `observe` method to be overwritten
+
 ## 1.63.0
 
 * Add `onstate` and `onupdate` lifecycle hooks and deprecate `component.observe` ([#1197](https://github.com/sveltejs/svelte/issues/1197))
diff --git a/package.json b/package.json
index 631125e451..f90430823e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "svelte",
-  "version": "1.63.0",
+  "version": "1.63.1",
   "description": "The magical disappearing UI framework",
   "main": "compiler/svelte.js",
   "files": [
diff --git a/store.js b/store.js
index 2bf08dcf7e..7aef7b2046 100644
--- a/store.js
+++ b/store.js
@@ -3,7 +3,6 @@ import {
 	blankObject,
 	_differs,
 	_differsImmutable,
-	dispatchObservers,
 	get,
 	observe,
 	on,