diff --git a/swift/__init__.py b/swift/__init__.py
index 25a1c6b8c7..bba8bd0d46 100644
--- a/swift/__init__.py
+++ b/swift/__init__.py
@@ -1,5 +1,5 @@
 import gettext
 
 
-__version__ = '1.3-dev'
+__version__ = '1.3-rc'
 gettext.install('swift')