diff --git a/eng/Baseline.Designer.props b/eng/Baseline.Designer.props
index 0550859109..beae2b6a59 100644
--- a/eng/Baseline.Designer.props
+++ b/eng/Baseline.Designer.props
@@ -2,7 +2,7 @@
 <Project>
   <PropertyGroup>
     <MSBuildAllProjects>$(MSBuildAllProjects);$(MSBuildThisFileFullPath)</MSBuildAllProjects>
-    <AspNetCoreBaselineVersion>3.1.1</AspNetCoreBaselineVersion>
+    <AspNetCoreBaselineVersion>3.1.2</AspNetCoreBaselineVersion>
   </PropertyGroup>
   <!-- Package: AspNetCoreRuntime.3.0.x64-->
   <PropertyGroup Condition=" '$(PackageId)' == 'AspNetCoreRuntime.3.0.x64' ">
diff --git a/eng/Baseline.xml b/eng/Baseline.xml
index d479dfe6ce..bfddf93a7c 100644
--- a/eng/Baseline.xml
+++ b/eng/Baseline.xml
@@ -4,7 +4,7 @@ This file contains a list of all the packages and their versions which were rele
 Update this list when preparing for a new patch.
 
 -->
-<Baseline Version="3.1.1">
+<Baseline Version="3.1.2">
   <Package Id="AspNetCoreRuntime.3.0.x64" Version="3.0.2" />
   <Package Id="AspNetCoreRuntime.3.0.x86" Version="3.0.2" />
   <Package Id="dotnet-sql-cache" Version="3.1.1" />
diff --git a/eng/Versions.props b/eng/Versions.props
index f0b625fffd..799adc7be6 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -8,7 +8,7 @@
   <PropertyGroup Label="Version settings">
     <AspNetCoreMajorVersion>3</AspNetCoreMajorVersion>
     <AspNetCoreMinorVersion>1</AspNetCoreMinorVersion>
-    <AspNetCorePatchVersion>2</AspNetCorePatchVersion>
+    <AspNetCorePatchVersion>3</AspNetCorePatchVersion>
     <PreReleasePreviewNumber>0</PreReleasePreviewNumber>
     <!--
         When StabilizePackageVersion is set to 'true', this branch will produce stable outputs for 'Shipping' packages
@@ -33,7 +33,7 @@
     <!-- TargetingPackVersionPrefix is used by projects, like .deb and .rpm, which use slightly different version formats. -->
     <TargetingPackVersionPrefix>$(VersionPrefix)</TargetingPackVersionPrefix>
     <!-- Targeting packs do not produce patch versions in servicing builds. No API changes are allowed in patches. -->
-    <TargetingPackVersionPrefix Condition="'$(IsTargetingPackBuilding)' != 'true'">$(AspNetCoreMajorVersion).$(AspNetCoreMinorVersion).2</TargetingPackVersionPrefix>
+    <TargetingPackVersionPrefix Condition="'$(IsTargetingPackBuilding)' != 'true'">$(AspNetCoreMajorVersion).$(AspNetCoreMinorVersion).0</TargetingPackVersionPrefix>
     <ExperimentalVersionPrefix>0.3.$(AspNetCorePatchVersion)</ExperimentalVersionPrefix>
     <!-- ANCM versioning is intentionally 10 + AspNetCoreMajorVersion because earlier versions of ANCM shipped as 8.x. -->
     <AspNetCoreModuleVersionMajor>$([MSBuild]::Add(10, $(AspNetCoreMajorVersion)))</AspNetCoreModuleVersionMajor>