diff --git a/build.xml b/build.xml
index b99a90b21..01a0a4248 100644
--- a/build.xml
+++ b/build.xml
@@ -52,7 +52,7 @@
   <property name="component.title"         value="Commons MATH"/>
 
   <!-- The current version number of this component -->
-  <property name="component.version"       value="2.0-SNAPSHOT"/>
+  <property name="component.version"       value="2.0-RC1"/>
 
   <!-- The base directory for component sources -->
   <property name="source.home"             value="src/java"/>
diff --git a/pom.xml b/pom.xml
index a088fa29f..3aa21f4f1 100644
--- a/pom.xml
+++ b/pom.xml
@@ -24,7 +24,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>org.apache.commons</groupId>
   <artifactId>commons-math</artifactId>
-  <version>2.0-SNAPSHOT</version>
+  <version>2.0-RC1</version>
   <name>Commons Math</name>
 
   <inceptionYear>2003</inceptionYear>
@@ -218,7 +218,7 @@
 
   <properties>
     <commons.componentid>math</commons.componentid>
-    <commons.release.version>1.2</commons.release.version>
+    <commons.release.version>2.0</commons.release.version>
     <commons.binary.suffix></commons.binary.suffix>
     <commons.jira.id>MATH</commons.jira.id>
     <commons.jira.pid>12310485</commons.jira.pid>