diff --git a/wp-includes/version.php b/wp-includes/version.php
index bde4b988e8..7b707618f1 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '3.4-alpha-20365';
+$wp_version = '3.4-beta1';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.