diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index fb16b034..50204797 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,7 +1,7 @@
 [bumpversion]
 commit = True
 tag = True
-current_version = 0.7.0
+current_version = 0.7.0rc1
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-(?P<release>[a-z]+))?
 serialize = 
 	{major}.{minor}.{patch}rc{release}
diff --git a/conda/zipline/meta.yaml b/conda/zipline/meta.yaml
index 0ed00681..3edc1fd5 100644
--- a/conda/zipline/meta.yaml
+++ b/conda/zipline/meta.yaml
@@ -1,10 +1,10 @@
 package:
   name: zipline
-  version: 0.7.0
+  version: 0.7.0rc1
 
 source:
-  fn: zipline-0.7.0.tar.gz
-  url: https://pypi.python.org/packages/source/z/zipline/zipline-0.7.0.tar.gz
+  fn: zipline-0.7.0rc1.tar.gz
+  url: https://pypi.python.org/packages/source/z/zipline/zipline-0.7.0rc1.tar.gz
   md5: e07499447eccdfc97d57478daef4d114
 
 requirements:
diff --git a/setup.py b/setup.py
index bd6ceb85..6a018405 100644
--- a/setup.py
+++ b/setup.py
@@ -42,7 +42,7 @@ else:
 
 setup(
     name='zipline',
-    version='0.7.0',
+    version='0.7.0rc1',
     description='A backtester for financial algorithms.',
     author='Quantopian Inc.',
     author_email='opensource@quantopian.com',
diff --git a/zipline/__init__.py b/zipline/__init__.py
index 5f5ae720..361335e0 100644
--- a/zipline/__init__.py
+++ b/zipline/__init__.py
@@ -20,7 +20,7 @@ Zipline
 # This is *not* a place to dump arbitrary classes/modules for convenience,
 # it is a place to expose the public interfaces.
 
-__version__ = "0.7.0"
+__version__ = "0.7.0rc1"
 
 from . import data
 from . import finance