diff --git a/sdk/identity/azure-identity/CHANGELOG.md b/sdk/identity/azure-identity/CHANGELOG.md
index 3e128e7cc0f2..aaa66d6fffa0 100644
--- a/sdk/identity/azure-identity/CHANGELOG.md
+++ b/sdk/identity/azure-identity/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Release History
 
+## 1.5.0b3 (Unreleased)
+
+
 ## 1.5.0b2 (2020-10-07)
 ### Fixed
 - `AzureCliCredential.get_token` correctly sets token expiration time,
diff --git a/sdk/identity/azure-identity/azure/identity/_version.py b/sdk/identity/azure-identity/azure/identity/_version.py
index 16c838a8f964..8f2572d1aa58 100644
--- a/sdk/identity/azure-identity/azure/identity/_version.py
+++ b/sdk/identity/azure-identity/azure/identity/_version.py
@@ -2,4 +2,4 @@
 # Copyright (c) Microsoft Corporation.
 # Licensed under the MIT License.
 # ------------------------------------
-VERSION = "1.5.0b2"
+VERSION = "1.5.0b3"