diff --git a/Makefile b/Makefile
index f676d15cd348..b4ca4e111c9a 100644
--- a/Makefile
+++ b/Makefile
@@ -1,7 +1,7 @@
 VERSION = 3
-PATCHLEVEL = 0
+PATCHLEVEL = 1
 SUBLEVEL = 0
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 NAME = Sneaky Weasel
 
 # *DOCUMENTATION*