diff --git a/sdk/metricsadvisor/azure-ai-metricsadvisor/CHANGELOG.md b/sdk/metricsadvisor/azure-ai-metricsadvisor/CHANGELOG.md
index a5a41e06b295..928acd8dc7cb 100644
--- a/sdk/metricsadvisor/azure-ai-metricsadvisor/CHANGELOG.md
+++ b/sdk/metricsadvisor/azure-ai-metricsadvisor/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.0.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.0.0 (2021-07-06)
 
 ### Breaking Changes
diff --git a/sdk/metricsadvisor/azure-ai-metricsadvisor/azure/ai/metricsadvisor/_version.py b/sdk/metricsadvisor/azure-ai-metricsadvisor/azure/ai/metricsadvisor/_version.py
index d5943ffb81a0..a0449ea3a907 100644
--- a/sdk/metricsadvisor/azure-ai-metricsadvisor/azure/ai/metricsadvisor/_version.py
+++ b/sdk/metricsadvisor/azure-ai-metricsadvisor/azure/ai/metricsadvisor/_version.py
@@ -4,6 +4,6 @@
 # Licensed under the MIT License.
 # ------------------------------------
 
-VERSION = "1.0.0"
+VERSION = "1.0.1"
 
 SDK_MONIKER = "ai-metricsadvisor/{}".format(VERSION)  # type: str