diff --git a/sdk/core/Azure.Core.Amqp/CHANGELOG.md b/sdk/core/Azure.Core.Amqp/CHANGELOG.md
index 6a94d700de2c4..3433a2d2726d0 100644
--- a/sdk/core/Azure.Core.Amqp/CHANGELOG.md
+++ b/sdk/core/Azure.Core.Amqp/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.3.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.2.0 (2021-07-06)
 
 ### Added
diff --git a/sdk/core/Azure.Core.Amqp/src/Azure.Core.Amqp.csproj b/sdk/core/Azure.Core.Amqp/src/Azure.Core.Amqp.csproj
index 488f7f94751a1..44493d94f9fbe 100644
--- a/sdk/core/Azure.Core.Amqp/src/Azure.Core.Amqp.csproj
+++ b/sdk/core/Azure.Core.Amqp/src/Azure.Core.Amqp.csproj
@@ -2,9 +2,9 @@
   <PropertyGroup>
     <Description>This library contains AMQP model types used by Azure libraries.</Description>
     <AssemblyTitle>Microsoft Azure AMQP</AssemblyTitle>
-    <Version>1.2.0</Version>
+    <Version>1.3.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.1.0</ApiCompatVersion>
+    <ApiCompatVersion>1.2.0</ApiCompatVersion>
     <PackageTags>Microsoft Azure AMQP</PackageTags>
     <Nullable>enable</Nullable>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>