diff --git a/ArduCopter/ArduCopter.pde b/ArduCopter/ArduCopter.pde
index 924878ad2e..c067889073 100644
--- a/ArduCopter/ArduCopter.pde
+++ b/ArduCopter/ArduCopter.pde
@@ -1,6 +1,6 @@
 /// -*- tab-width: 4; Mode: C++; c-basic-offset: 4; indent-tabs-mode: nil -*-
 
-#define THISFIRMWARE "ArduCopter V3.0.1-rc1"
+#define THISFIRMWARE "ArduCopter V3.0.1-rc2"
 /*
  *  ArduCopter Version 3.0
  *  Creator:        Jason Short
diff --git a/ArduCopter/ReleaseNotes.txt b/ArduCopter/ReleaseNotes.txt
index e0215dda15..b31beb6758 100644
--- a/ArduCopter/ReleaseNotes.txt
+++ b/ArduCopter/ReleaseNotes.txt
@@ -1,5 +1,17 @@
 ArduCopter Release Notes:
 ------------------------------------------------------------------
+ArduCopter 3.0.1-rc2 10-Jun-2013
+Improvements over 3.0.1-rc1
+1) Rate Roll, Pitch and Yaw I fix when we hit motor limits
+2) pre-arm check changes:
+    a) double flash arming light when pre-arm checks fail
+    b) relax mag field checks to 35% min, 165% max of expected field
+3) reduce loiter, auto gains:
+      a) Loiter Pos P to 0.2 (was 1.0)
+      b) Loiter speed to 5 m/s
+      c) WP_ACCEL to 1 m/s/s (was 250  m/s/s)
+4) Stability Patch fix which was freezing Rate Taw I term and allowing uncommanded Yaw
+------------------------------------------------------------------
 ArduCopter 3.0.1-rc1 26-Jun-2013
 Improvements over 3.0.0
 1) bug fix to Fence checking position after GPS lock was lost