diff --git a/setup.py b/setup.py
index 341e17dc87..7a6680a4fc 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@
 from setuptools.command.install import install as InstallCommandBase
 from setuptools.dist import Distribution
 
-VERSION = '0.1.0rc0'
+VERSION = '0.1.0rc1'
 
 REQUIRED_PACKAGES = [
     'six >= 1.10.0',
diff --git a/tensorflow_probability/python/__init__.py b/tensorflow_probability/python/__init__.py
index dade7164c6..2b15f83695 100644
--- a/tensorflow_probability/python/__init__.py
+++ b/tensorflow_probability/python/__init__.py
@@ -47,6 +47,6 @@
     'vi',
 ]
 
-__version__ = '0.1.0-rc0'
+__version__ = '0.1.0-rc1'
 
 remove_undocumented(__name__, _allowed_symbols)