diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index 097b2de4a63..33cccb88fe1 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -20,10 +20,10 @@
 #define PY_MINOR_VERSION	2
 #define PY_MICRO_VERSION	1
 #define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
-#define PY_RELEASE_SERIAL	1
+#define PY_RELEASE_SERIAL	2
 
 /* Version as a string */
-#define PY_VERSION      	"3.2.1rc1+"
+#define PY_VERSION      	"3.2.1rc2"
 /*--end constants--*/
 
 /* Subversion Revision number of this file (not of the repository). Empty
diff --git a/Lib/distutils/__init__.py b/Lib/distutils/__init__.py
index 70ab7dbf2bb..2602c5074b6 100644
--- a/Lib/distutils/__init__.py
+++ b/Lib/distutils/__init__.py
@@ -15,5 +15,5 @@
 # Updated automatically by the Python release process.
 #
 #--start constants--
-__version__ = "3.2.1rc1"
+__version__ = "3.2.1rc2"
 #--end constants--
diff --git a/Lib/idlelib/idlever.py b/Lib/idlelib/idlever.py
index 0278a912cc5..a437b7b0aaa 100644
--- a/Lib/idlelib/idlever.py
+++ b/Lib/idlelib/idlever.py
@@ -1 +1 @@
-IDLE_VERSION = "3.2.1rc1"
+IDLE_VERSION = "3.2.1rc2"
diff --git a/Misc/NEWS b/Misc/NEWS
index 89542ec41e1..193072228dd 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -5,7 +5,7 @@ Python News
 What's New in Python 3.2.1 release candidate 2?
 ===============================================
 
-*Release date: XX-XXX-2011*
+*Release date: 03-Jul-2011*
 
 Core and Builtins
 -----------------
diff --git a/Misc/RPM/python-3.2.spec b/Misc/RPM/python-3.2.spec
index 99c04067650..234caeb04d6 100644
--- a/Misc/RPM/python-3.2.spec
+++ b/Misc/RPM/python-3.2.spec
@@ -39,7 +39,7 @@
 
 %define name python
 #--start constants--
-%define version 3.2.1rc1
+%define version 3.2.1rc2
 %define libvers 3.2
 #--end constants--
 %define release 1pydotorg
diff --git a/README b/README
index 08edc00fd9b..7fa22887d64 100644
--- a/README
+++ b/README
@@ -1,4 +1,4 @@
-This is Python version 3.2.1 release candidate 1
+This is Python version 3.2.1 release candidate 2
 ================================================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011