diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3aba00d97b..ac4aa736d7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-# 0.8.1-rc0
+# 0.8.1-rc1
 
 ## March 31, 2023
 
@@ -14,12 +14,14 @@ least) deployments of ACA-Py as a mediator. The important update is Pull Request
 ### Categorized List of Pull Requests
 
 - Fixes for the `upgrade` Command
+  - Fix: Resolve Upgrade Config file in Container [\#2193](https://github.com/hyperledger/aries-cloudagent-python/pull/2193) [shaangill025](https://github.com/shaangill025)
   - Update and automate ACA-Py upgrade process [\#2185](https://github.com/hyperledger/aries-cloudagent-python/pull/2185) [shaangill025](https://github.com/shaangill025)
   - Adds the upgrade command YML file to the PyPi Release [\#2179](https://github.com/hyperledger/aries-cloudagent-python/pull/2179) [swcurran](https://github.com/swcurran)
 - Test and Documentation
   - Create UnitTests.md [\#2183](https://github.com/hyperledger/aries-cloudagent-python/pull/2183) [swcurran](https://github.com/swcurran)
   - Add link to recorded session about the ACA-Py Integration tests [\#2184](https://github.com/hyperledger/aries-cloudagent-python/pull/2184) [swcurran](https://github.com/swcurran)
 - Release management pull requests
+  - 0.8.1-rc1 [\#2194](https://github.com/hyperledger/aries-cloudagent-python/pull/2194) [swcurran](https://github.com/swcurran)
   - 0.8.1-rc0 [\#2190](https://github.com/hyperledger/aries-cloudagent-python/pull/2190) [swcurran](https://github.com/swcurran)
 
 # 0.8.0
diff --git a/aries_cloudagent/core/tests/test_conductor.py b/aries_cloudagent/core/tests/test_conductor.py
index b7be39d4a6..c448534631 100644
--- a/aries_cloudagent/core/tests/test_conductor.py
+++ b/aries_cloudagent/core/tests/test_conductor.py
@@ -119,7 +119,7 @@ async def test_startup_version_record_exists(self):
             test_module,
             "get_upgrade_version_list",
             async_mock.MagicMock(
-                return_value=["v0.7.4", "0.7.5", "v0.8.0-rc1", "v8.0.0", "v0.8.1-rc0"]
+                return_value=["v0.7.4", "0.7.5", "v0.8.0-rc1", "v8.0.0", "v0.8.1-rc1"]
             ),
         ), async_mock.patch.object(
             test_module,
diff --git a/aries_cloudagent/version.py b/aries_cloudagent/version.py
index bde2b40d5e..26775b065d 100644
--- a/aries_cloudagent/version.py
+++ b/aries_cloudagent/version.py
@@ -1,4 +1,4 @@
 """Library version information."""
 
-__version__ = "0.8.1-rc0"
+__version__ = "0.8.1-rc1"
 RECORD_TYPE_ACAPY_VERSION = "acapy_version"
diff --git a/open-api/openapi.json b/open-api/openapi.json
index af84cd6fc2..07266ce22b 100644
--- a/open-api/openapi.json
+++ b/open-api/openapi.json
@@ -1,7 +1,7 @@
 {
   "swagger" : "2.0",
   "info" : {
-    "version" : "v0.8.1-rc0",
+    "version" : "v0.8.1-rc1",
     "title" : "Aries Cloud Agent"
   },
   "tags" : [ {