diff --git a/tensorflow/core/public/version.h b/tensorflow/core/public/version.h
index babeb735024..7d84c938399 100644
--- a/tensorflow/core/public/version.h
+++ b/tensorflow/core/public/version.h
@@ -26,7 +26,7 @@ limitations under the License.
 
 // TF_VERSION_SUFFIX is non-empty for pre-releases (e.g. "-alpha", "-alpha.1",
 // "-beta", "-rc", "-rc.1")
-#define TF_VERSION_SUFFIX "-rc0"
+#define TF_VERSION_SUFFIX "-rc1"
 
 #define TF_STR_HELPER(x) #x
 #define TF_STR(x) TF_STR_HELPER(x)
diff --git a/tensorflow/tools/pip_package/setup.py b/tensorflow/tools/pip_package/setup.py
index 5af25d26b71..bf7a2f1f55c 100644
--- a/tensorflow/tools/pip_package/setup.py
+++ b/tensorflow/tools/pip_package/setup.py
@@ -50,7 +50,7 @@ from setuptools.dist import Distribution
 # result for pip.
 # Also update tensorflow/tensorflow.bzl and
 # tensorflow/core/public/version.h
-_VERSION = '2.4.0-rc0'
+_VERSION = '2.4.0-rc1'
 
 
 # We use the same setup.py for all tensorflow_* packages and for the nightly