diff --git a/CHANGELOG.md b/CHANGELOG.md
index 051fe5fae09e5..eb2ae514f2133 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,10 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 
 
-## [unreleased.BugFix] - YYYY-MM-DD
+## [1.1.2rc1] - 2020-12-17
 
 ### Added
 
+- Support number for logging with `sync_dist=True` ([#5080](https://github.com/PyTorchLightning/pytorch-lightning/pull/5080)
+
 
 ### Changed
 
@@ -18,9 +20,28 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 
 ### Removed
 
+- `enable_pl_optimizer=False` by default to temporarily fix AMP issues ([#5163](https://github.com/PyTorchLightning/pytorch-lightning/pull/5163)
+
 
 ### Fixed
 
+- Metric reduction with Logging ([#5150](https://github.com/PyTorchLightning/pytorch-lightning/pull/5150)
+
+
+- Remove nan loss in manual optimization ([#5121](https://github.com/PyTorchLightning/pytorch-lightning/pull/5121)
+
+
+- Un-balanced logging properly supported ([#5119](https://github.com/PyTorchLightning/pytorch-lightning/pull/5119)
+
+
+- Fix hanging in DDP HPC accelerators ([#5157](https://github.com/PyTorchLightning/pytorch-lightning/pull/5157)
+
+
+- Fix saved filename in `ModelCheckpoint` if it already exists ([#4861](https://github.com/PyTorchLightning/pytorch-lightning/pull/4861)
+
+
+- Fix reset `TensorRunningAccum` ([#5106](https://github.com/PyTorchLightning/pytorch-lightning/pull/5106)
+
 
 ## [1.1.1] - 2020-12-15
 
@@ -34,8 +55,6 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Refactor load in checkpoint connector ([#4593](https://github.com/PyTorchLightning/pytorch-lightning/pull/4593)
 - Fixed the saved filename in `ModelCheckpoint` when it already exists ([#4861](https://github.com/PyTorchLightning/pytorch-lightning/pull/4861))
 
-
-=======
 ### Removed
 
 - Drop duplicate metrics ([#5014](https://github.com/PyTorchLightning/pytorch-lightning/pull/5014)
diff --git a/pytorch_lightning/__init__.py b/pytorch_lightning/__init__.py
index 222263ea2d385..af63190037711 100644
--- a/pytorch_lightning/__init__.py
+++ b/pytorch_lightning/__init__.py
@@ -1,6 +1,6 @@
 """Root package info."""
 
-__version__ = '1.1.1'
+__version__ = '1.1.2rc1'
 __author__ = 'William Falcon et al.'
 __author_email__ = 'waf2107@columbia.edu'
 __license__ = 'Apache-2.0'