diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index fb26b62..b2e5605 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -20,10 +20,10 @@
 #define PY_MINOR_VERSION	2
 #define PY_MICRO_VERSION	0
 #define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
-#define PY_RELEASE_SERIAL	2
+#define PY_RELEASE_SERIAL	3
 
 /* Version as a string */
-#define PY_VERSION      	"3.2rc2+"
+#define PY_VERSION      	"3.2rc3"
 /*--end constants--*/
 
 /* Subversion Revision number of this file (not of the repository) */
diff --git a/Lib/distutils/__init__.py b/Lib/distutils/__init__.py
index 4bb5012..8a7e3ff 100644
--- a/Lib/distutils/__init__.py
+++ b/Lib/distutils/__init__.py
@@ -15,5 +15,5 @@
 # Updated automatically by the Python release process.
 #
 #--start constants--
-__version__ = "3.2rc2"
+__version__ = "3.2rc3"
 #--end constants--
diff --git a/Lib/idlelib/idlever.py b/Lib/idlelib/idlever.py
index 7f2c593..165475c 100644
--- a/Lib/idlelib/idlever.py
+++ b/Lib/idlelib/idlever.py
@@ -1 +1 @@
-IDLE_VERSION = "3.2rc2"
+IDLE_VERSION = "3.2rc3"
diff --git a/Misc/NEWS b/Misc/NEWS
index a73e102..eb41b92 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -2,10 +2,10 @@
 Python News
 +++++++++++
 
-What's New in Python 3.2?
-=========================
+What's New in Python 3.2 Release Candidate 3?
+=============================================
 
-*Release date: XX-Feb-2011*
+*Release date: 13-Feb-2011*
 
 Core and Builtins
 -----------------
@@ -46,7 +46,7 @@
 Tests
 -----
 
-- Issue #10971:test_zipimport_support is once again compatible with the
+- Issue #10971: test_zipimport_support is once again compatible with the
   refleak hunter feature of test.regrtest.
 
 
diff --git a/Misc/RPM/python-3.2.spec b/Misc/RPM/python-3.2.spec
index 5afcbdb..87f2918 100644
--- a/Misc/RPM/python-3.2.spec
+++ b/Misc/RPM/python-3.2.spec
@@ -39,7 +39,7 @@
 
 %define name python
 #--start constants--
-%define version 3.2rc2
+%define version 3.2rc3
 %define libvers 3.2
 #--end constants--
 %define release 1pydotorg
diff --git a/README b/README
index 3cbfaac..0839798 100644
--- a/README
+++ b/README
@@ -1,4 +1,4 @@
-This is Python version 3.2, release candidate 2
+This is Python version 3.2, release candidate 3
 ===============================================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011