diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index a15c161..016cf54 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -18,12 +18,12 @@
 /*--start constants--*/
 #define PY_MAJOR_VERSION	3
 #define PY_MINOR_VERSION	1
-#define PY_MICRO_VERSION	1
-#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_FINAL
-#define PY_RELEASE_SERIAL	0
+#define PY_MICRO_VERSION	2
+#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
+#define PY_RELEASE_SERIAL	1
 
 /* Version as a string */
-#define PY_VERSION      	"3.1.1+"
+#define PY_VERSION      	"3.1.2rc1"
 /*--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 8c0e5a3..2e6a6fb 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__ = "3.1.1"
+__version__ = "3.1.2rc1"
 #--end constants--
diff --git a/Lib/idlelib/idlever.py b/Lib/idlelib/idlever.py
index 43187ce..e14e074 100644
--- a/Lib/idlelib/idlever.py
+++ b/Lib/idlelib/idlever.py
@@ -1 +1 @@
-IDLE_VERSION = "3.1.1"
+IDLE_VERSION = "3.1.2rc1"
diff --git a/Misc/NEWS b/Misc/NEWS
index 03bd4ec..26b8a87 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -4,10 +4,10 @@
 
 (editors: check NEWS.help for information about editing NEWS using ReST.)
 
-What's New in Python 3.1.2?
-===========================
+What's New in Python 3.1.2 release candidate 1?
+===============================================
 
-*Release date: 20xx-xx-xx*
+*Release date: 2010-03-06*
 
 Core and Builtins
 -----------------
diff --git a/Misc/RPM/python-3.1.spec b/Misc/RPM/python-3.1.spec
index 670fdea..482f5a1 100644
--- a/Misc/RPM/python-3.1.spec
+++ b/Misc/RPM/python-3.1.spec
@@ -34,7 +34,7 @@
 
 %define name python
 #--start constants--
-%define version 3.1.1
+%define version 3.1.2rc1
 %define libver 3.1
 #--end constants--
 %define release 1pydotorg
diff --git a/README b/README
index 98981d2..4b4444a 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
-This is Python version 3.1.1
-============================
+This is Python version 3.1.2 Release Candidate 1
+================================================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010
 Python Software Foundation.