diff --git a/sdk/servicebus/Azure.Messaging.ServiceBus/CHANGELOG.md b/sdk/servicebus/Azure.Messaging.ServiceBus/CHANGELOG.md
index 765caf1fcf03..60f292d8a3cf 100644
--- a/sdk/servicebus/Azure.Messaging.ServiceBus/CHANGELOG.md
+++ b/sdk/servicebus/Azure.Messaging.ServiceBus/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 7.3.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 7.2.1 (2021-07-07)
 
 ### Fixed
diff --git a/sdk/servicebus/Azure.Messaging.ServiceBus/src/Azure.Messaging.ServiceBus.csproj b/sdk/servicebus/Azure.Messaging.ServiceBus/src/Azure.Messaging.ServiceBus.csproj
index c30c0f70322a..3affedc577ed 100644
--- a/sdk/servicebus/Azure.Messaging.ServiceBus/src/Azure.Messaging.ServiceBus.csproj
+++ b/sdk/servicebus/Azure.Messaging.ServiceBus/src/Azure.Messaging.ServiceBus.csproj
@@ -1,9 +1,9 @@
 <Project Sdk="Microsoft.NET.Sdk">
   <PropertyGroup>
     <Description>Azure Service Bus is a fully managed enterprise integration message broker. Service Bus can decouple applications and services. Service Bus offers a reliable and secure platform for asynchronous transfer of data and state. This client library allows for both sending and receiving messages using Azure Service Bus. For more information about Service Bus, see https://docs.microsoft.com/en-us/azure/service-bus-messaging/service-bus-messaging-overview</Description>
-    <Version>7.2.1</Version>
+    <Version>7.3.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>7.2.0</ApiCompatVersion>
+    <ApiCompatVersion>7.2.1</ApiCompatVersion>
     <PackageTags>Azure;Service Bus;ServiceBus;.NET;AMQP;$(PackageCommonTags)</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>
     <EnableBannedApiAnalyzers>false</EnableBannedApiAnalyzers>