diff --git a/invokeai/version/invokeai_version.py b/invokeai/version/invokeai_version.py
index d539d50ceb1..4325f1ce82c 100644
--- a/invokeai/version/invokeai_version.py
+++ b/invokeai/version/invokeai_version.py
@@ -1 +1 @@
-__version__ = "3.1.1"
+__version__ = "3.2.0rc3"