diff --git a/CHANGELOG b/CHANGELOG
index bb510b10a5a8dbc47df1a3d63527651f474c3339..8e9a0f334bc7f3fe998ccad0a37f31afb30611c3 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -2,6 +2,8 @@
 Changes for U-Boot 1.1.4:
 ======================================================================
 
+* Adjust TQM834x PHY addresses for latest hardware revision.
+
 * Increase malloc arena on TQM5200 board to 256 kB.
   With 64 kb uniform flash sector size the old value of 128 kB was
   too small.
diff --git a/include/configs/TQM834x.h b/include/configs/TQM834x.h
index c25a7775b8772dfe61f1c63ed05396d353ac3fc5..ba2f4ead2c1c239eabab2fad0d02ce3329309630 100644
--- a/include/configs/TQM834x.h
+++ b/include/configs/TQM834x.h
@@ -249,7 +249,7 @@ extern int tqm834x_num_flash_banks;
 #define CONFIG_MPC83XX_TSEC1_NAME	"TSEC0"
 #define CONFIG_MPC83XX_TSEC2		1
 #define CONFIG_MPC83XX_TSEC2_NAME	"TSEC1"
-#define TSEC1_PHY_ADDR			0
+#define TSEC1_PHY_ADDR			2
 #define TSEC2_PHY_ADDR			1
 #define TSEC1_PHYIDX			0
 #define TSEC2_PHYIDX			0