diff --git a/build/next-release.txt b/build/next-release.txt
index 996f71d3b9..b03dc3a4ef 100644
--- a/build/next-release.txt
+++ b/build/next-release.txt
@@ -1 +1 @@
-1.2-rc3
+1.3-rc1
diff --git a/configure.in b/configure.in
index 899b0b83c2..1723423097 100644
--- a/configure.in
+++ b/configure.in
@@ -3,7 +3,7 @@
 
 # Must change all of the below together
 # For a release, set revision for that tagged release as well and uncomment
-AC_INIT([freeswitch], [1.2-rc2], BUG-REPORT-ADDRESS)
+AC_INIT([freeswitch], [1.2.0], BUG-REPORT-ADDRESS)
 AC_SUBST(SWITCH_VERSION_MAJOR, [1])
 AC_SUBST(SWITCH_VERSION_MINOR, [2])
 AC_SUBST(SWITCH_VERSION_MICRO, [0])