diff --git a/sdk/identity/azure-identity/CHANGELOG.md b/sdk/identity/azure-identity/CHANGELOG.md
index 364491264..ea47a7c4d 100644
--- a/sdk/identity/azure-identity/CHANGELOG.md
+++ b/sdk/identity/azure-identity/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Release History
 
+## 1.0.0-beta.2 (Unreleased)
+
+
 ## 1.0.0-beta.1 (2020-11-11)
 
 ### New Features
diff --git a/sdk/identity/azure-identity/inc/azure/identity/version.hpp b/sdk/identity/azure-identity/inc/azure/identity/version.hpp
index beebcf078..2d32b1504 100644
--- a/sdk/identity/azure-identity/inc/azure/identity/version.hpp
+++ b/sdk/identity/azure-identity/inc/azure/identity/version.hpp
@@ -13,7 +13,7 @@
 #define AZURE_IDENTITY_VERSION_MAJOR 1
 #define AZURE_IDENTITY_VERSION_MINOR 0
 #define AZURE_IDENTITY_VERSION_PATCH 0
-#define AZURE_IDENTITY_VERSION_PRERELEASE "beta.1"
+#define AZURE_IDENTITY_VERSION_PRERELEASE "beta.2"
 
 namespace Azure { namespace Identity {
 
@@ -52,3 +52,4 @@ namespace Azure { namespace Identity {
 #undef AZURE_IDENTITY_VERSION_MINOR
 #undef AZURE_IDENTITY_VERSION_PATCH
 #undef AZURE_IDENTITY_VERSION_PRERELEASE
+