diff --git a/Rules.mak b/Rules.mak
index 6bf91b2d6..bcbed17a2 100644
--- a/Rules.mak
+++ b/Rules.mak
@@ -13,9 +13,9 @@ endif
 #--------------------------------------------------------
 PROG      := busybox
 MAJOR_VERSION   :=1
-MINOR_VERSION   :=1
-SUBLEVEL_VERSION:=1
-EXTRAVERSION    :=
+MINOR_VERSION   :=2
+SUBLEVEL_VERSION:=0
+EXTRAVERSION    :=-pre0
 VERSION   :=$(MAJOR_VERSION).$(MINOR_VERSION).$(SUBLEVEL_VERSION)$(EXTRAVERSION)
 BUILDTIME := $(shell TZ=UTC date -u "+%Y.%m.%d-%H:%M%z")