diff --git a/eng/Versions.props b/eng/Versions.props
index b196fe1a4a4315a23d090666855a437cd707bb87..9ca61170139f499c4372e34fdd932d6cc577e19f 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -2,8 +2,8 @@
 <Project ToolsVersion="4.0" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup>
     <VersionPrefix>5.0.0</VersionPrefix>
-    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
-    <PreReleaseVersionIteration>8</PreReleaseVersionIteration>
+    <PreReleaseVersionLabel>rc</PreReleaseVersionLabel>
+    <PreReleaseVersionIteration>1</PreReleaseVersionIteration>
     <SystemIOPackagingVersion>5.0.0-preview.8.20363.2</SystemIOPackagingVersion>
     <SystemResourcesExtensionsVersion>5.0.0-preview.8.20363.2</SystemResourcesExtensionsVersion>
   </PropertyGroup>