diff --git a/pytorch_lightning/__about__.py b/pytorch_lightning/__about__.py
index 6d6318dbc4..77460cfda6 100644
--- a/pytorch_lightning/__about__.py
+++ b/pytorch_lightning/__about__.py
@@ -1,7 +1,7 @@
 import time
 
 _this_year = time.strftime("%Y")
-__version__ = "1.5.0rc0"
+__version__ = "1.5.0rc1"
 __author__ = "William Falcon et al."
 __author_email__ = "waf2107@columbia.edu"
 __license__ = "Apache-2.0"