diff --git a/RAILS_VERSION b/RAILS_VERSION
index 90040cdc4602a..4b91d7556dea8 100644
--- a/RAILS_VERSION
+++ b/RAILS_VERSION
@@ -1 +1 @@
-3.1.0.rc1
+3.1.0.rc2
diff --git a/actionmailer/lib/action_mailer/version.rb b/actionmailer/lib/action_mailer/version.rb
index 5654e54d7acf8..a1ebf0d11e5c9 100644
--- a/actionmailer/lib/action_mailer/version.rb
+++ b/actionmailer/lib/action_mailer/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/actionpack/lib/action_pack/version.rb b/actionpack/lib/action_pack/version.rb
index fcf0eb95650d3..f251cbfcb2038 100644
--- a/actionpack/lib/action_pack/version.rb
+++ b/actionpack/lib/action_pack/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/activemodel/lib/active_model/version.rb b/activemodel/lib/active_model/version.rb
index 09684ac4dfd16..ecd6f88ec2161 100644
--- a/activemodel/lib/active_model/version.rb
+++ b/activemodel/lib/active_model/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/activerecord/lib/active_record/version.rb b/activerecord/lib/active_record/version.rb
index 43fe1cdee55d3..c50bd679769de 100644
--- a/activerecord/lib/active_record/version.rb
+++ b/activerecord/lib/active_record/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/activeresource/lib/active_resource/version.rb b/activeresource/lib/active_resource/version.rb
index 440b504344e7c..888ae64f61c28 100644
--- a/activeresource/lib/active_resource/version.rb
+++ b/activeresource/lib/active_resource/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/activesupport/lib/active_support/version.rb b/activesupport/lib/active_support/version.rb
index e135872bf6251..f70217dd14e23 100644
--- a/activesupport/lib/active_support/version.rb
+++ b/activesupport/lib/active_support/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/railties/lib/rails/version.rb b/railties/lib/rails/version.rb
index 3d6ecb9d3069f..4054d44b0cc30 100644
--- a/railties/lib/rails/version.rb
+++ b/railties/lib/rails/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end
diff --git a/version.rb b/version.rb
index 3d6ecb9d3069f..4054d44b0cc30 100644
--- a/version.rb
+++ b/version.rb
@@ -3,7 +3,7 @@ module VERSION #:nodoc:
     MAJOR = 3
     MINOR = 1
     TINY  = 0
-    PRE   = "rc1"
+    PRE   = "rc2"
 
     STRING = [MAJOR, MINOR, TINY, PRE].compact.join('.')
   end