diff --git a/pymongo/__init__.py b/pymongo/__init__.py
index 53bff9db6..9232ba44c 100644
--- a/pymongo/__init__.py
+++ b/pymongo/__init__.py
@@ -67,7 +67,7 @@ SLOW_ONLY = 1
 ALL = 2
 """Profile all operations."""
 
-version_tuple = (2, 7, 'rc0+')
+version_tuple = (2, 7, 'rc1')
 
 def get_version_string():
     if isinstance(version_tuple[-1], basestring):
diff --git a/setup.py b/setup.py
index 96246f768..8e470e70e 100755
--- a/setup.py
+++ b/setup.py
@@ -31,7 +31,7 @@ from distutils.errors import CCompilerError
 from distutils.errors import DistutilsPlatformError, DistutilsExecError
 from distutils.core import Extension
 
-version = "2.7rc0+"
+version = "2.7rc1"
 
 f = open("README.rst")
 try: