diff --git a/RELEASE.md b/RELEASE.md
index 6762af90..47f32104 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -36,7 +36,7 @@ When ready to release - specs are all green and the stories are done:
 ### Commit and push core changes
 
 1. Run the browser tests using `scripts/run-all-browsers`.
-1. Commit release notes and version changes (jasmine.js, version.rb, package.json)
+1. Commit release notes and version changes (jasmine.js, package.json)
 1. Push
 1. Wait for Circle CI to go green
 
diff --git a/lib/jasmine-core/jasmine.js b/lib/jasmine-core/jasmine.js
index 717d0c2d..acbe32c8 100644
--- a/lib/jasmine-core/jasmine.js
+++ b/lib/jasmine-core/jasmine.js
@@ -8035,7 +8035,10 @@ getJasmineRequireObj().QueueRunner = function(j$) {
         maybeThenable = queueableFn.fn.call(self.userContext);
 
         if (maybeThenable && j$.isFunction_(maybeThenable.then)) {
-          maybeThenable.then(next, onPromiseRejection);
+          maybeThenable.then(
+            wrapInPromiseResolutionHandler(next),
+            onPromiseRejection
+          );
           completedSynchronously = false;
           return { completedSynchronously: false };
         }
@@ -8134,6 +8137,16 @@ getJasmineRequireObj().QueueRunner = function(j$) {
     }
   };
 
+  function wrapInPromiseResolutionHandler(fn) {
+    return function(maybeArg) {
+      if (j$.isError_(maybeArg)) {
+        fn(maybeArg);
+      } else {
+        fn();
+      }
+    };
+  }
+
   return QueueRunner;
 };
 
@@ -10190,5 +10203,5 @@ getJasmineRequireObj().UserContext = function(j$) {
 };
 
 getJasmineRequireObj().version = function() {
-  return '4.0.0';
+  return '4.0.1';
 };
diff --git a/package.json b/package.json
index dd9b0cf8..e5ed1ff5 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "jasmine-core",
   "license": "MIT",
-  "version": "4.0.0",
+  "version": "4.0.1",
   "repository": {
     "type": "git",
     "url": "https://github.com/jasmine/jasmine.git"
diff --git a/release_notes/3.99.1.md b/release_notes/3.99.1.md
new file mode 100644
index 00000000..263a15a9
--- /dev/null
+++ b/release_notes/3.99.1.md
@@ -0,0 +1,22 @@
+# Jasmine Core 3.99.1 Release Notes
+
+This release fixes a bug in 3.99.0, which incorrectly reported a deprecation
+warning when a promise returned from a function passed to `it`, `beforeEach`,
+etc was resolved to a value.
+
+## Supported environments
+
+jasmine-core 3.99.1 has been tested in the following environments.
+
+| Environment       | Supported versions |
+|-------------------|--------------------|
+| Node              | 10, 12, 14, 16     |
+| Safari            | 10-14              |
+| Chrome            | 98                 |
+| Firefox           | 97, 78, 68         |
+| Edge              | 98                 |
+| Internet Explorer | 10, 11             |
+
+------
+
+_Release Notes generated with _[Anchorman](http://github.com/infews/anchorman)_
diff --git a/release_notes/4.0.1.md b/release_notes/4.0.1.md
new file mode 100644
index 00000000..151beeb1
--- /dev/null
+++ b/release_notes/4.0.1.md
@@ -0,0 +1,21 @@
+# Jasmine Core 4.0.1 Release Notes
+
+This release fixes a bug in 4.0.0, which incorrectly reported a failure
+when a promise returned from a function passed to `it`, `beforeEach`,
+etc was resolved to a value.
+
+## Supported environments
+
+jasmine-core 4.0.1 has been tested in the following environments.
+
+| Environment       | Supported versions |
+|-------------------|--------------------|
+| Node              | 12.17+, 14, 16     |
+| Safari            | 14-15              |
+| Chrome            | 98                 |
+| Firefox           | 91, 97             |
+| Edge              | 98                 |
+
+------
+
+_Release Notes generated with _[Anchorman](http://github.com/infews/anchorman)_
diff --git a/spec/core/QueueRunnerSpec.js b/spec/core/QueueRunnerSpec.js
index 5adf6ea7..b098f378 100644
--- a/spec/core/QueueRunnerSpec.js
+++ b/spec/core/QueueRunnerSpec.js
@@ -156,6 +156,81 @@ describe('QueueRunner', function() {
         expect(failFn).toHaveBeenCalledWith(err);
         expect(queueableFn2.fn).toHaveBeenCalled();
       });
+
+      describe('as a result of a promise', function() {
+        describe('and the argument is an Error', function() {
+          // Since promise support was added, Jasmine has failed specs that
+          // return a promise that resolves to an error. That's probably not
+          // the desired behavior but it's also not something we should change
+          // except on a major release and with a deprecation warning in
+          // advance.
+          it('explicitly fails and moves to the next function', function(done) {
+            var err = new Error('foo'),
+              queueableFn1 = {
+                fn: function() {
+                  return Promise.resolve(err);
+                }
+              },
+              queueableFn2 = { fn: jasmine.createSpy('fn2') },
+              failFn = jasmine.createSpy('fail'),
+              queueRunner = new jasmineUnderTest.QueueRunner({
+                queueableFns: [queueableFn1, queueableFn2],
+                fail: failFn,
+                onComplete: function() {
+                  expect(failFn).toHaveBeenCalledWith(err);
+                  expect(queueableFn2.fn).toHaveBeenCalled();
+                  done();
+                }
+              });
+
+            queueRunner.execute();
+          });
+
+          it('does not log a deprecation', function(done) {
+            var err = new Error('foo'),
+              queueableFn1 = {
+                fn: function() {
+                  return Promise.resolve(err);
+                }
+              },
+              deprecated = jasmine.createSpy('deprecated'),
+              queueRunner = new jasmineUnderTest.QueueRunner({
+                queueableFns: [queueableFn1],
+                deprecated: deprecated,
+                onComplete: function() {
+                  expect(deprecated).not.toHaveBeenCalled();
+                  done();
+                }
+              });
+
+            queueRunner.execute();
+          });
+        });
+
+        describe('and the argument is not an Error', function() {
+          it('does not log a deprecation or report a failure', function(done) {
+            var queueableFn1 = {
+                fn: function() {
+                  return Promise.resolve('not an error');
+                }
+              },
+              failFn = jasmine.createSpy('fail'),
+              deprecated = jasmine.createSpy('deprecated'),
+              queueRunner = new jasmineUnderTest.QueueRunner({
+                queueableFns: [queueableFn1],
+                deprecated: deprecated,
+                fail: failFn,
+                onComplete: function() {
+                  expect(deprecated).not.toHaveBeenCalled();
+                  expect(failFn).not.toHaveBeenCalled();
+                  done();
+                }
+              });
+
+            queueRunner.execute();
+          });
+        });
+      });
     });
 
     it('does not cause an explicit fail if execution is being stopped', function() {
diff --git a/src/core/QueueRunner.js b/src/core/QueueRunner.js
index ebf3b5c3..7896529b 100644
--- a/src/core/QueueRunner.js
+++ b/src/core/QueueRunner.js
@@ -177,7 +177,10 @@ getJasmineRequireObj().QueueRunner = function(j$) {
         maybeThenable = queueableFn.fn.call(self.userContext);
 
         if (maybeThenable && j$.isFunction_(maybeThenable.then)) {
-          maybeThenable.then(next, onPromiseRejection);
+          maybeThenable.then(
+            wrapInPromiseResolutionHandler(next),
+            onPromiseRejection
+          );
           completedSynchronously = false;
           return { completedSynchronously: false };
         }
@@ -276,5 +279,15 @@ getJasmineRequireObj().QueueRunner = function(j$) {
     }
   };
 
+  function wrapInPromiseResolutionHandler(fn) {
+    return function(maybeArg) {
+      if (j$.isError_(maybeArg)) {
+        fn(maybeArg);
+      } else {
+        fn();
+      }
+    };
+  }
+
   return QueueRunner;
 };