diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index 889b3f06047..db7e98eae2f 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -23,10 +23,10 @@
 #define PY_MINOR_VERSION	3
 #define PY_MICRO_VERSION	0
 #define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_BETA
-#define PY_RELEASE_SERIAL	1
+#define PY_RELEASE_SERIAL	2
 
 /* Version as a string */
-#define PY_VERSION		"2.3b1+"
+#define PY_VERSION		"2.3b2"
 
 /* Version as a single 4-byte hex number, e.g. 0x010502B2 == 1.5.2b2.
    Use this for numeric comparisons, e.g. #if PY_VERSION_HEX >= ... */
diff --git a/PC/python_nt.rc b/PC/python_nt.rc
index 801ae29607e..a3a927d4286 100644
--- a/PC/python_nt.rc
+++ b/PC/python_nt.rc
@@ -33,14 +33,14 @@
  * but that neither gives an error nor comes anywhere close to working.  The
  * following comment and #define are output from PCbuild\field3.py:
  *
- * For 2.3b1,
+ * For 2.3b2,
  * PY_MICRO_VERSION = 0
  * PY_RELEASE_LEVEL = 'beta' = 0xb
- * PY_RELEASE_SERIAL = 1
+ * PY_RELEASE_SERIAL = 2
  *
- * and 0*1000 + 11*10 + 1 = 111
+ * and 0*1000 + 11*10 + 2 = 112
  */
-#define FIELD3 111
+#define FIELD3 112
 
 /* e.g., 2.1a2
  * PY_VERSION comes from patchevel.h