diff --git a/RELEASE_NOTES.rst b/RELEASE_NOTES.rst
index 44e457a87..4d9e392d1 100644
--- a/RELEASE_NOTES.rst
+++ b/RELEASE_NOTES.rst
@@ -4,6 +4,13 @@ Release notes
 
 This page describes important changes between python-gitlab releases.
 
+Changes from 1.8 to 1.9
+=======================
+
+* ``ProjectMemberManager.all()`` and ``GroupMemberManager.all()`` now return a
+  list of ``ProjectMember`` and ``GroupMember`` objects respectively, instead
+  of a list of dicts.
+
 Changes from 1.7 to 1.8
 =======================
 
diff --git a/gitlab/v4/objects.py b/gitlab/v4/objects.py
index 8348c76ca..c3f8a8154 100644
--- a/gitlab/v4/objects.py
+++ b/gitlab/v4/objects.py
@@ -740,7 +740,8 @@ def all(self, **kwargs):
         """
 
         path = '%s/all' % self.path
-        return self.gitlab.http_list(path, **kwargs)
+        obj = self.gitlab.http_list(path, **kwargs)
+        return [self._obj_cls(self, item) for item in obj]
 
 
 class GroupMergeRequest(RESTObject):
@@ -1955,7 +1956,8 @@ def all(self, **kwargs):
         """
 
         path = '%s/all' % self.path
-        return self.gitlab.http_list(path, **kwargs)
+        obj = self.gitlab.http_list(path, **kwargs)
+        return [self._obj_cls(self, item) for item in obj]
 
 
 class ProjectNote(RESTObject):