diff --git a/Makefile b/Makefile
index e76f7fd..0b50fea 100644
--- a/Makefile
+++ b/Makefile
@@ -14,7 +14,7 @@
 #
 TMP        ?= /tmp
 DIST_PREFIX = ${TMP}
-VERSION     = 4.2beta1
+VERSION     = 4.2rc1
 DEBVERSION  = $(shell echo $(VERSION)|sed 's/\(rc\|pre\|beta\|alpha\)/~\1/')
 BASE        = xen-tools
 VCS         = $(shell if git ls-files > /dev/null; then echo git; \
diff --git a/bin/xen-create-image b/bin/xen-create-image
index 5d05a68..b0e18db 100755
--- a/bin/xen-create-image
+++ b/bin/xen-create-image
@@ -800,7 +800,7 @@ my $FAIL = 0;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 #
diff --git a/bin/xen-create-nfs b/bin/xen-create-nfs
index a033234..1381157 100755
--- a/bin/xen-create-nfs
+++ b/bin/xen-create-nfs
@@ -131,7 +131,7 @@ $CONFIG{ 'template' } = '/etc/xen-tools/xm-nfs.tmpl';
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 # store version number away.
diff --git a/bin/xen-delete-image b/bin/xen-delete-image
index f0e99f7..5d830aa 100755
--- a/bin/xen-delete-image
+++ b/bin/xen-delete-image
@@ -170,7 +170,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 
diff --git a/bin/xen-list-images b/bin/xen-list-images
index 327133c..98781ea 100755
--- a/bin/xen-list-images
+++ b/bin/xen-list-images
@@ -102,7 +102,7 @@ $CONFIG{ 'prefix' } = "/etc/xen";
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 
diff --git a/bin/xen-resize-guest b/bin/xen-resize-guest
index 043c20d..72a65ad 100755
--- a/bin/xen-resize-guest
+++ b/bin/xen-resize-guest
@@ -116,7 +116,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 
diff --git a/bin/xen-update-image b/bin/xen-update-image
index 5ad9f4e..99bf254 100755
--- a/bin/xen-update-image
+++ b/bin/xen-update-image
@@ -121,7 +121,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 #
diff --git a/bin/xt-create-xen-config b/bin/xt-create-xen-config
index c48a5c3..a1b281b 100755
--- a/bin/xt-create-xen-config
+++ b/bin/xt-create-xen-config
@@ -157,7 +157,7 @@ $CONFIG{ 'extension' } = '.cfg';
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 
diff --git a/bin/xt-customize-image b/bin/xt-customize-image
index 94bea93..56aff13 100755
--- a/bin/xt-customize-image
+++ b/bin/xt-customize-image
@@ -97,7 +97,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 
diff --git a/bin/xt-guess-suite-and-mirror b/bin/xt-guess-suite-and-mirror
index ef579bd..eccb61e 100755
--- a/bin/xt-guess-suite-and-mirror
+++ b/bin/xt-guess-suite-and-mirror
@@ -78,7 +78,7 @@ use strict;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 # Init
 my $mirror = '';
diff --git a/bin/xt-install-image b/bin/xt-install-image
index 2950d63..bbbc47e 100755
--- a/bin/xt-install-image
+++ b/bin/xt-install-image
@@ -116,7 +116,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2beta1';
+my $RELEASE = '4.2rc1';
 
 
 #
diff --git a/debian/changelog b/debian/changelog
index 9fdc009..a24078b 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,6 +1,6 @@
-xen-tools (4.2~beta2-1) UNRELEASED; urgency=low
+xen-tools (4.2~rc1-1) UNRELEASED; urgency=low
 
-  * New upstream beta version
+  * New upstream release candidate
     - Uses GeoIP for Debian mirrors: Default Debian mirror is now
       cdn.debian.net, see http://wiki.debian.org/DebianGeoMirror for
       details.