diff --git a/eng/BranchInfo.props b/eng/BranchInfo.props
index 19dab3e959..3a14562263 100644
--- a/eng/BranchInfo.props
+++ b/eng/BranchInfo.props
@@ -30,13 +30,13 @@
   <PropertyGroup Condition="'$(IsStableProject)' == 'true'">
     <MajorVersion>3</MajorVersion>
     <MinorVersion>0</MinorVersion>
-    <PatchVersion>0</PatchVersion>
+    <PatchVersion>1</PatchVersion>
     <!-- Set baseline version for stable packages to check for API Compat -->
-    <PackageValidationBaselineVersion>2.0.0-preview.22551.1</PackageValidationBaselineVersion>
+    <PackageValidationBaselineVersion>3.0.0</PackageValidationBaselineVersion>
   </PropertyGroup>
   <PropertyGroup Condition="'$(IsStableProject)' != 'true'">
     <MajorVersion>0</MajorVersion>
     <MinorVersion>21</MinorVersion>
-    <PatchVersion>0</PatchVersion>
+    <PatchVersion>1</PatchVersion>
   </PropertyGroup>
 </Project>
diff --git a/eng/Versions.props b/eng/Versions.props
index 74b5adf15b..f6ef0f7345 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -9,8 +9,8 @@
         https://github.com/dotnet/arcade/blob/c788ffa83b088cafe9dbffc1cbc8155ba88b2553/Documentation/CorePackages/Versioning.md#output
     -->
     <DotNetUseShippingVersions>true</DotNetUseShippingVersions>
-    <VersionPrefix>3.0.0</VersionPrefix>
-    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
+    <VersionPrefix>3.0.1</VersionPrefix>
+    <PreReleaseVersionLabel>servicing</PreReleaseVersionLabel>
     <AssemblyVersion>1.0.0.0</AssemblyVersion>
     <!-- .NET Runtime product dependencies -->
     <MicrosoftBclAsyncInterfacesVersion>6.0.0</MicrosoftBclAsyncInterfacesVersion>