diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index 67ca7cd62bc..86de79447aa 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -1,17 +1,17 @@
 /**
+ * @generated by scripts/bump-oss-version.js
+ *
  * Copyright (c) Facebook, Inc. and its affiliates.
  *
  * This source code is licensed under the MIT license found in the
  * LICENSE file in the root directory of this source tree.
  *
- * @format
- * @generated by scripts/bump-oss-version.js
  * @flow strict
  */
 
 exports.version = {
   major: 0,
-  minor: 0,
+  minor: 65,
   patch: 0,
-  prerelease: null,
+  prerelease: 'rc.0',
 };
diff --git a/React/Base/RCTVersion.m b/React/Base/RCTVersion.m
index 7258e0ddb39..f79a3a30b8b 100644
--- a/React/Base/RCTVersion.m
+++ b/React/Base/RCTVersion.m
@@ -21,11 +21,11 @@ NSDictionary* RCTGetReactNativeVersion(void)
   static dispatch_once_t onceToken;
   dispatch_once(&onceToken, ^(void){
     __rnVersion = @{
-                    RCTVersionMajor: @(0),
-                    RCTVersionMinor: @(0),
-                    RCTVersionPatch: @(0),
-                    RCTVersionPrerelease: [NSNull null],
-                    };
+                  RCTVersionMajor: @(0),
+                  RCTVersionMinor: @(65),
+                  RCTVersionPatch: @(0),
+                  RCTVersionPrerelease: @"rc.0",
+                  };
   });
   return __rnVersion;
 }
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index d527714819e..fe22341cc2c 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=1000.0.0-master
+VERSION_NAME=0.65.0-rc.0
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index 6278912404c..d7419022ab0 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -16,7 +16,7 @@ import java.util.Map;
 public class ReactNativeVersion {
   public static final Map<String, Object> VERSION = MapBuilder.<String, Object>of(
       "major", 0,
-      "minor", 0,
+      "minor", 65,
       "patch", 0,
-      "prerelease", null);
+      "prerelease", "rc.0");
 }
diff --git a/ReactCommon/cxxreact/ReactNativeVersion.h b/ReactCommon/cxxreact/ReactNativeVersion.h
index d6cbbcd82a9..cfd0b85da23 100644
--- a/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -16,9 +16,9 @@ namespace facebook::react {
 
 constexpr struct {
   int32_t Major = 0;
-  int32_t Minor = 0;
+  int32_t Minor = 65;
   int32_t Patch = 0;
-  std::string_view Prerelease = "";
+  std::string_view Prerelease = "rc.0";
 } ReactNativeVersion;
 
 } // namespace facebook::react
diff --git a/package.json b/package.json
index 9abcf3b98b4..6a2982613dd 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,6 @@
 {
   "name": "react-native",
-  "private": true,
-  "version": "1000.0.0",
+  "version": "0.65.0-rc.0",
   "bin": "./cli.js",
   "description": "A framework for building native apps using React",
   "license": "MIT",
@@ -81,10 +80,6 @@
     "test-ios-e2e": "detox test -c ios.sim.release packages/rn-tester/e2e",
     "test-ios": "./scripts/objc-test.sh test"
   },
-  "workspaces": [
-    "packages/!(eslint-config-react-native-community)",
-    "repo-config"
-  ],
   "peerDependencies": {
     "react": "17.0.2"
   },
@@ -161,4 +156,4 @@
       }
     }
   }
-}
+}
\ No newline at end of file
diff --git a/template/package.json b/template/package.json
index 672733af532..0a9ce9c2c10 100644
--- a/template/package.json
+++ b/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "17.0.2",
-    "react-native": "1000.0.0"
+    "react-native": "0.65.0-rc.0"
   },
   "devDependencies": {
     "@babel/core": "^7.12.9",