diff --git a/configure b/configure
index 5264489b38..c4f995e016 100755
--- a/configure
+++ b/configure
@@ -5,12 +5,12 @@
 
 MAJOR=7
 MINOR=4
-MICRO=3
+MICRO=4
 
 # Optionally set the source/tag for this code (e.g. rc1 or FINAL).  Setting
 # this variable is instead useful for statically naming the source when it will
 # not match the branch name (like rc1 or FINAL).
-RELEASE=FINAL
+RELEASE=RC1
 
 ###########################
 # *** You should not need to change anything below this line. ***