diff --git a/compiler/version.pas b/compiler/version.pas
index 4f9ba2d9c2..941d7c480d 100644
--- a/compiler/version.pas
+++ b/compiler/version.pas
@@ -29,8 +29,8 @@ interface
        { version string }
        version_nr = '3';
        release_nr = '2';
-       patch_nr   = '3';
-       minorpatch = '';
+       patch_nr   = '4';
+       minorpatch = '-rc1';
 
        { word version for ppu file }
        wordversion = ((ord(version_nr)-ord('0')) shl 14)+
diff --git a/installer/install.dat b/installer/install.dat
index caca8d01a3..3e4483e5c5 100644
--- a/installer/install.dat
+++ b/installer/install.dat
@@ -7,7 +7,7 @@
 # of TV/FV cannot hold more than 31 members of a checkbox group)
 
 title=Free Pascal Compiler 3.2.3
-version=3.2.3
+version=3.2.4-rc1
 
 #
 # Gener~a~l
diff --git a/installer/install.pas b/installer/install.pas
index 42ac9f0111..6208495f35 100644
--- a/installer/install.pas
+++ b/installer/install.pas
@@ -93,7 +93,7 @@ program install;
      WHTMLScn,insthelp;
 
   const
-     installerversion='3.2.3';
+     installerversion='3.2.4-rc1';
      installercopyright='Copyright (c) 1993-2021 Florian Klaempfl';