diff --git a/sdk/monitor/Azure.Monitor.Ingestion/CHANGELOG.md b/sdk/monitor/Azure.Monitor.Ingestion/CHANGELOG.md
index dd24f8427a606..160eb7a7ba9b7 100644
--- a/sdk/monitor/Azure.Monitor.Ingestion/CHANGELOG.md
+++ b/sdk/monitor/Azure.Monitor.Ingestion/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.2.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.1.1 (2023-10-16)
 
 ## Features Added
diff --git a/sdk/monitor/Azure.Monitor.Ingestion/src/Azure.Monitor.Ingestion.csproj b/sdk/monitor/Azure.Monitor.Ingestion/src/Azure.Monitor.Ingestion.csproj
index 7717177004535..386cb5cbd564a 100644
--- a/sdk/monitor/Azure.Monitor.Ingestion/src/Azure.Monitor.Ingestion.csproj
+++ b/sdk/monitor/Azure.Monitor.Ingestion/src/Azure.Monitor.Ingestion.csproj
@@ -2,9 +2,9 @@
   <PropertyGroup>
     <Description>A library for ingesting data to Azure Monitor.</Description>
     <AssemblyTitle>Azure Monitor Ingestion client library</AssemblyTitle>
-    <Version>1.1.1</Version>
+    <Version>1.2.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.1.0</ApiCompatVersion>
+    <ApiCompatVersion>1.1.1</ApiCompatVersion>
     <PackageTags>Azure Monitor Ingestion</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks);net461</TargetFrameworks>
     <NoWarn>$(NoWarn);CA1835</NoWarn> <!--TODO: Suppressing warning in shared source-->