Good news for Usher -- his son Usher Raymond the Fifth is out of the hospital following that frightening pool accident last week.

As you'll recall, the five-year-old got his arm caught in a pool drain trying to retrieve a toy and nearly drowned. He was saved by two sound engineers who were installing some A/V equipment near the pool. He still has a large bandage on his arm, but TMZ's cameras spotted him yesterday (Monday) with Usher's mom coming out of an indoor play center in Atlanta.

Meanwhile, one of the two heroes, says he's just glad everything is OK. Eugene Stachurski tells TMZ, "I thank God I was there to do something." He adds that in addition to the public thank-you Usher issued last week, he's also received a private message of gratitude.