diff --git a/eng/Versions.props b/eng/Versions.props
index 9ce4ea28847..2ae62c8c7f4 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -2,7 +2,7 @@
 <Project ToolsVersion="4.0" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup>
     <VersionPrefix>4.8.0</VersionPrefix>
-    <PreReleaseVersionLabel>rc1</PreReleaseVersionLabel>
+    <PreReleaseVersionLabel>rc2</PreReleaseVersionLabel>
     <AssemblyVersion>4.0.0.0</AssemblyVersion>
     <SystemIOPackagingVersion>4.6.0-rc1.19453.4</SystemIOPackagingVersion>
   </PropertyGroup>