diff --git a/sdk/core/azure-core/CHANGELOG.md b/sdk/core/azure-core/CHANGELOG.md
index 6dcfda57b..3c8224346 100644
--- a/sdk/core/azure-core/CHANGELOG.md
+++ b/sdk/core/azure-core/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Release History
 
+## 1.0.0-beta.3 (Unreleased)
+
+
 ## 1.0.0-beta.2 (2020-10-09)
 
 ### Breaking Changes
diff --git a/sdk/core/azure-core/inc/azure/core/version.hpp b/sdk/core/azure-core/inc/azure/core/version.hpp
index edeac356c..bac9e6d86 100644
--- a/sdk/core/azure-core/inc/azure/core/version.hpp
+++ b/sdk/core/azure-core/inc/azure/core/version.hpp
@@ -13,7 +13,7 @@
 #define AZURE_CORE_VERSION_MAJOR 1
 #define AZURE_CORE_VERSION_MINOR 0
 #define AZURE_CORE_VERSION_PATCH 0
-#define AZURE_CORE_VERSION_PRERELEASE "beta.2"
+#define AZURE_CORE_VERSION_PRERELEASE "beta.3"
 
 namespace Azure { namespace Core {
 
@@ -53,3 +53,4 @@ namespace Azure { namespace Core {
 #undef AZURE_CORE_VERSION_PATCH
 #undef AZURE_CORE_VERSION_PRERELEASE
 
+