diff --git a/VERSION_NUMBER b/VERSION_NUMBER
index 9084fa2f71..26aaba0e86 100644
--- a/VERSION_NUMBER
+++ b/VERSION_NUMBER
@@ -1 +1 @@
-1.1.0
+1.2.0
diff --git a/docs/python/README.rst b/docs/python/README.rst
index 2c957ee70a..3a18dbc864 100644
--- a/docs/python/README.rst
+++ b/docs/python/README.rst
@@ -8,6 +8,11 @@ For more information on ONNX Runtime, please see `aka.ms/onnxruntime <https://ak
 Changes
 -------
 
+1.2.0
+^^^^^
+
+Release Notes : https://github.com/Microsoft/onnxruntime/releases/tag/v1.2.0
+
 1.1.0
 ^^^^^
 
diff --git a/onnxruntime/__init__.py b/onnxruntime/__init__.py
index 8b459b7069..b1f7bfac7c 100644
--- a/onnxruntime/__init__.py
+++ b/onnxruntime/__init__.py
@@ -6,7 +6,7 @@
 ONNX Runtime is a performance-focused scoring engine for Open Neural Network Exchange (ONNX) models.
 For more information on ONNX Runtime, please see `aka.ms/onnxruntime <https://aka.ms/onnxruntime/>`_ or the `Github project <https://github.com/microsoft/onnxruntime/>`_.
 """
-__version__ = "1.1.0"
+__version__ = "1.2.0"
 __author__ = "Microsoft"
 
 from onnxruntime.capi._pybind_state import get_all_providers, get_available_providers, get_device, RunOptions, SessionOptions, set_default_logger_severity, NodeArg, ModelMetadata, GraphOptimizationLevel, ExecutionMode
diff --git a/package/rpm/onnxruntime.spec b/package/rpm/onnxruntime.spec
index 35cdc46000..a21e1fde92 100644
--- a/package/rpm/onnxruntime.spec
+++ b/package/rpm/onnxruntime.spec
@@ -1,5 +1,5 @@
 Name:           onnxruntime
-Version:        1.1.0
+Version:        1.2.0
 Release:        1%{?dist}
 Summary:        onnxruntime