diff --git a/sdk/identity/azure-identity/CHANGELOG.md b/sdk/identity/azure-identity/CHANGELOG.md
index 192fb6ed3..75c3d04b0 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.3 (Unreleased)
+
+
 ## 1.0.0-beta.2 (2021-01-13)
 
 ### Breaking Changes
diff --git a/sdk/identity/azure-identity/inc/azure/identity/version.hpp b/sdk/identity/azure-identity/inc/azure/identity/version.hpp
index 682f3ad48..92b34ea42 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.2"
+#define AZURE_IDENTITY_VERSION_PRERELEASE "beta.3"
 
 namespace Azure { namespace Identity { namespace Details {