Bump version to 3.2.3rc1.
diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index 1b8e6d4..334478d 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -18,12 +18,12 @@
 /*--start constants--*/
 #define PY_MAJOR_VERSION	3
 #define PY_MINOR_VERSION	2
-#define PY_MICRO_VERSION	2
-#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_FINAL
-#define PY_RELEASE_SERIAL	0
+#define PY_MICRO_VERSION	3
+#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
+#define PY_RELEASE_SERIAL	1
 
 /* Version as a string */
-#define PY_VERSION      	"3.2.2+"
+#define PY_VERSION      	"3.2.3rc1"
 /*--end constants--*/
 
 /* Subversion Revision number of this file (not of the repository). Empty
diff --git a/Lib/distutils/__init__.py b/Lib/distutils/__init__.py
index 9ec6165..3697505 100644
--- a/Lib/distutils/__init__.py
+++ b/Lib/distutils/__init__.py
@@ -13,5 +13,5 @@
 # Updated automatically by the Python release process.
 #
 #--start constants--
-__version__ = "3.2.2"
+__version__ = "3.2.3rc1"
 #--end constants--
diff --git a/Lib/idlelib/idlever.py b/Lib/idlelib/idlever.py
index 97bf87b..cbcda05 100644
--- a/Lib/idlelib/idlever.py
+++ b/Lib/idlelib/idlever.py
@@ -1 +1 @@
-IDLE_VERSION = "3.2.2"
+IDLE_VERSION = "3.2.3rc1"
diff --git a/Misc/NEWS b/Misc/NEWS
index eeab400..e2523d0 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -2,22 +2,22 @@
 Python News
 +++++++++++
 
-What's New in Python 3.2.3?
-===========================
+What's New in Python 3.2.3 release candidate 1?
+===============================================
 
-*Release date: XX-XXX-2011*
+*Release date: 24-Feb-2011*
 
 Core and Builtins
 -----------------
 
-- Issue #14084: Fix a file descriptor leak when importing a module with a
-  bad encoding.
-
 - Issue #13703: oCERT-2011-003: add -R command-line option and PYTHONHASHSEED
   environment variable, to provide an opt-in way to protect against denial of
   service attacks due to hash collisions within the dict and set types.  Patch
   by David Malcolm, based on work by Victor Stinner.
 
+- Issue #14084: Fix a file descriptor leak when importing a module with a
+  bad encoding.
+
 - Issue #13020: Fix a reference leak when allocating a structsequence object
   fails.  Patch by Suman Saha.
 
diff --git a/Misc/RPM/python-3.2.spec b/Misc/RPM/python-3.2.spec
index 40943c0..985b79b 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 3.2.2
+%define version 3.2.3rc1
 %define libvers 3.2
 #--end constants--
 %define release 1pydotorg
diff --git a/README b/README
index 34bc9e4..2ed1c05 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
-This is Python version 3.2.2
-============================
+This is Python version 3.2.3 rc1
+================================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011,
 2012 Python Software Foundation.  All rights reserved.