diff --git a/mypy/version.py b/mypy/version.py
index b02af6334..f37abfa68 100644
--- a/mypy/version.py
+++ b/mypy/version.py
@@ -14,7 +14,7 @@
     1,
     5,
     0,
-    "beta",
+    "rc",
     1,
     __version__.split("+dev")[0],
     "dev" if "+dev" in __version__ else "final",