diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index 320b26ac84db6b..a80f32b5be6380 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -1,17 +1,17 @@
 /**
+ * @generated by scripts/bump-oss-version.js
+ *
  * Copyright (c) 2015-present, Facebook, Inc.
  *
  * This source code is licensed under the MIT license found in the
  * LICENSE file in the root directory of this source tree.
  *
- * @format
- * @generated by scripts/bump-oss-version.js
  * @flow
  */
 
 exports.version = {
   major: 0,
-  minor: 0,
+  minor: 56,
   patch: 0,
-  prerelease: null,
+  prerelease: 'rc',
 };
diff --git a/React/Base/RCTVersion.m b/React/Base/RCTVersion.m
index 41f178395c9018..a0514dd67cb771 100644
--- a/React/Base/RCTVersion.m
+++ b/React/Base/RCTVersion.m
@@ -21,9 +21,9 @@ static void __makeVersion()
 {
   __rnVersion = @{
                   RCTVersionMajor: @(0),
-                  RCTVersionMinor: @(0),
+                  RCTVersionMinor: @(56),
                   RCTVersionPatch: @(0),
-                  RCTVersionPrerelease: [NSNull null],
+                  RCTVersionPrerelease: @"rc",
                   };
 }
 
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 9b7ac6d1254dc8..b83d0062b329d2 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=1000.0.0-master
+VERSION_NAME=0.56.0-rc
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index 9e8ac43662b364..29f83079e1da6d 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -16,7 +16,7 @@
 public class ReactNativeVersion {
   public static final Map<String, Object> VERSION = MapBuilder.<String, Object>of(
       "major", 0,
-      "minor", 0,
+      "minor", 56,
       "patch", 0,
-      "prerelease", null);
+      "prerelease", "rc");
 }
diff --git a/package.json b/package.json
index 16554be62ee184..5f79ada966382e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "1000.0.0",
+  "version": "0.56.0-rc",
   "description": "A framework for building native apps using React",
   "license": "MIT",
   "repository": {
@@ -221,4 +221,4 @@
     "shelljs": "^0.7.8",
     "sinon": "^2.2.0"
   }
-}
+}
\ No newline at end of file