bump version to 2.7 rc1
diff --git a/README b/README
index 5a5b8e1..8fe86f3 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
-This is Python version 2.7 beta 2
-=================================
+This is Python version 2.7 release candidate 1
+==============================================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010
 Python Software Foundation.