diff --git a/sdk/eventgrid/Microsoft.Azure.EventGrid/CHANGELOG.md b/sdk/eventgrid/Microsoft.Azure.EventGrid/CHANGELOG.md
index 9b5e7b581f517..68a5b85eeec6a 100644
--- a/sdk/eventgrid/Microsoft.Azure.EventGrid/CHANGELOG.md
+++ b/sdk/eventgrid/Microsoft.Azure.EventGrid/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Release History
 
+## 3.3.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Key Bugs Fixed
+
+### Fixed
+
+
 ## 3.2.1 (2021-06-15)
 Update package description to include pointer to the new Azure.Messaging.EventGrid package and the migration guide.
 
diff --git a/sdk/eventgrid/Microsoft.Azure.EventGrid/src/Microsoft.Azure.EventGrid.csproj b/sdk/eventgrid/Microsoft.Azure.EventGrid/src/Microsoft.Azure.EventGrid.csproj
index 6e9643f4ff776..72070e9afe8ca 100644
--- a/sdk/eventgrid/Microsoft.Azure.EventGrid/src/Microsoft.Azure.EventGrid.csproj
+++ b/sdk/eventgrid/Microsoft.Azure.EventGrid/src/Microsoft.Azure.EventGrid.csproj
@@ -1,8 +1,10 @@
-<Project Sdk="Microsoft.NET.Sdk">
+<Project Sdk="Microsoft.NET.Sdk">
   <PropertyGroup>
     <AssemblyTitle>Microsoft Azure EventGrid Library</AssemblyTitle>
       <Description>Please note, a newer package Azure.Messaging.EventGrid is available as of March 2021. While this package will continue to receive critical bug fixes, we strongly encourage you to upgrade. Read the migration guide at https://aka.ms/azsdk/net/migrate/eg for more details.</Description>
-    <Version>3.2.1</Version>
+    <Version>3.3.0-beta.1</Version>
+    <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
+    <ApiCompatVersion>3.2.1</ApiCompatVersion>
     <PackageTags>Microsoft Azure EventGrid;Event Grid;Event Grid Publishing;</PackageTags>
     <PackageReleaseNotes>Support for Azure EventGrid event types published from Azure Machine Learning Services.</PackageReleaseNotes>
     <AzureApiTag>EventGrid_2018-01-01;</AzureApiTag>