diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index d13d76836..85c820831 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -87,13 +87,13 @@
       <Uri>https://github.com/dotnet/templating</Uri>
       <Sha>31980633108a1bef00c798136fcd30a873c90fa3</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.NET.Sdk" Version="5.0.100-rtm.20529.6">
+    <Dependency Name="Microsoft.NET.Sdk" Version="5.0.200-preview.20553.7">
       <Uri>https://github.com/dotnet/sdk</Uri>
-      <Sha>fdde04590a08dfb7d68af90c292efc9cac96aa81</Sha>
+      <Sha>2456ed254ca805a436994ed6a8f1f7baf75265bb</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.DotNet.MSBuildSdkResolver" Version="5.0.100-rtm.20529.6">
+    <Dependency Name="Microsoft.DotNet.MSBuildSdkResolver" Version="5.0.200-preview.20553.7">
       <Uri>https://github.com/dotnet/sdk</Uri>
-      <Sha>fdde04590a08dfb7d68af90c292efc9cac96aa81</Sha>
+      <Sha>2456ed254ca805a436994ed6a8f1f7baf75265bb</Sha>
     </Dependency>
     <!-- For coherency purposes, these versions should be gated by the versions of winforms and wpf routed via windowsdesktop -->
     <Dependency Name="Microsoft.Dotnet.WinForms.ProjectTemplates" Version="5.0.0-rtm.20529.3" CoherentParentDependency="Microsoft.WindowsDesktop.App.Runtime.win-x64">
diff --git a/eng/Versions.props b/eng/Versions.props
index 5575459d7..8e53c8667 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -7,14 +7,14 @@
   <PropertyGroup>
     <VersionMajor>5</VersionMajor>
     <VersionMinor>0</VersionMinor>
-    <VersionSDKMinor>1</VersionSDKMinor>
+    <VersionSDKMinor>2</VersionSDKMinor>
     <VersionFeature>00</VersionFeature>
     <VersionPrefix>$(VersionMajor).$(VersionMinor).$(VersionSDKMinor)$(VersionFeature)</VersionPrefix>
-    <PreReleaseVersionLabel>rtm</PreReleaseVersionLabel>
+    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
     <MajorMinorVersion>$(VersionMajor).$(VersionMinor)</MajorMinorVersion>
     <CliProductBandVersion>$(MajorMinorVersion).$(VersionSDKMinor)</CliProductBandVersion>
     <!-- Enable to remove prerelease label. -->
-    <StabilizePackageVersion Condition="'$(StabilizePackageVersion)' == ''">true</StabilizePackageVersion>
+    <StabilizePackageVersion Condition="'$(StabilizePackageVersion)' == ''">false</StabilizePackageVersion>
     <DotNetFinalVersionKind Condition="'$(StabilizePackageVersion)' == 'true'">release</DotNetFinalVersionKind>
   </PropertyGroup>
   <PropertyGroup>
@@ -56,8 +56,8 @@
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependencies from https://github.com/dotnet/sdk -->
-    <MicrosoftNETSdkPackageVersion>5.0.100-rtm.20529.6</MicrosoftNETSdkPackageVersion>
-    <MicrosoftDotNetMSBuildSdkResolverPackageVersion>5.0.100-rtm.20529.6</MicrosoftDotNetMSBuildSdkResolverPackageVersion>
+    <MicrosoftNETSdkPackageVersion>5.0.200-preview.20553.7</MicrosoftNETSdkPackageVersion>
+    <MicrosoftDotNetMSBuildSdkResolverPackageVersion>5.0.200-preview.20553.7</MicrosoftDotNetMSBuildSdkResolverPackageVersion>
     <MicrosoftNETBuildExtensionsPackageVersion>$(MicrosoftNETSdkPackageVersion)</MicrosoftNETBuildExtensionsPackageVersion>
     <MicrosoftDotnetToolsetInternalPackageVersion>$(MicrosoftNETSdkPackageVersion)</MicrosoftDotnetToolsetInternalPackageVersion>
     <MicrosoftDotnetTemplateLocatorPackageVersion>$(MicrosoftNETSdkPackageVersion)</MicrosoftDotnetTemplateLocatorPackageVersion>