diff --git a/sdk/ml/azure-ai-ml/CHANGELOG.md b/sdk/ml/azure-ai-ml/CHANGELOG.md
index bce3fb9e085d..3c05fa688d2e 100644
--- a/sdk/ml/azure-ai-ml/CHANGELOG.md
+++ b/sdk/ml/azure-ai-ml/CHANGELOG.md
@@ -1,6 +1,14 @@
 # Release History
 
-## 1.5.0 (Unreleased)
+## 1.6.0 (Unreleased)
+
+### Features Added
+
+### Bugs Fixed
+
+### Other Changes
+
+## 1.5.0 (2023-03-20)
 
 ### Features Added
 - Added support for `tags` on Compute Resources.
diff --git a/sdk/ml/azure-ai-ml/azure/ai/ml/_version.py b/sdk/ml/azure-ai-ml/azure/ai/ml/_version.py
index be8fc191a1a4..910b551a9016 100644
--- a/sdk/ml/azure-ai-ml/azure/ai/ml/_version.py
+++ b/sdk/ml/azure-ai-ml/azure/ai/ml/_version.py
@@ -2,4 +2,4 @@
 # Copyright (c) Microsoft Corporation. All rights reserved.
 # ---------------------------------------------------------
 
-VERSION = "1.5.0"
+VERSION = "1.6.0"