diff --git a/sdk/identity/Azure.Identity/CHANGELOG.md b/sdk/identity/Azure.Identity/CHANGELOG.md
index d579d8605793..d27389ebd57a 100644
--- a/sdk/identity/Azure.Identity/CHANGELOG.md
+++ b/sdk/identity/Azure.Identity/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Release History
 
+## 1.2.0-preview.5 (Unreleased)
+
+
 ## 1.2.0-preview.4
 
 ### New Features
diff --git a/sdk/identity/Azure.Identity/src/Azure.Identity.csproj b/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
index 6dabfed7ef0c..6f1812e8d46f 100644
--- a/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
+++ b/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
@@ -2,7 +2,7 @@
   <PropertyGroup>
     <Description>This is the implementation of the Azure SDK Client Library for Azure Identity</Description>
     <AssemblyTitle>Microsoft Azure.Identity Component</AssemblyTitle>
-    <Version>1.2.0-preview.4</Version>
+    <Version>1.2.0-preview.5</Version>
     <PackageTags>Microsoft Azure Identity;$(PackageCommonTags)</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>
     <NoWarn>$(NoWarn);3021</NoWarn>