diff --git a/INTERNAL.md b/INTERNAL.md
index 80cb2648ab3..2d91080f4a6 100644
--- a/INTERNAL.md
+++ b/INTERNAL.md
@@ -68,7 +68,7 @@ Uploads the final `FSharp.Compiler.Service` package from the specified build to
 branch can be selected.  This should only be run when we're fairly certain that the package is complete.
 
 [FCS (Preview NuGet Release)](https://dev.azure.com/dnceng/internal/_release?view=mine&_a=releases&definitionId=98).
-Uploads the preview `FSharp.Compiler.Service.*-beta.*` package from the specified build to NuGet.  Only builds from the
+Uploads the preview `FSharp.Compiler.Service.*-preview.*` package from the specified build to NuGet.  Only builds from the
 `main` branch can be selected.  This can be run whenever we think we're ready to preview a new FCS build.
 
 [Nightly VSIX (main) uploader](https://dev.azure.com/dnceng/internal/_release?_a=releases&definitionId=70).  Uploads
diff --git a/eng/Versions.props b/eng/Versions.props
index 978d3a9fc0f..84fe8e334c6 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -11,11 +11,11 @@
   </PropertyGroup>
   <!-- Version number computation -->
   <PropertyGroup>
-    <PreReleaseVersionLabel>beta</PreReleaseVersionLabel>
+    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
     <!-- F# Version components -->
     <FSMajorVersion>5</FSMajorVersion>
     <FSMinorVersion>0</FSMinorVersion>
-    <FSBuildVersion>1</FSBuildVersion>
+    <FSBuildVersion>0</FSBuildVersion>
     <FSRevisionVersion>0</FSRevisionVersion>
     <!-- F# Language version -->
     <FSLanguageVersion>$(FSMajorVersion).$(FSMinorVersion)</FSLanguageVersion>
@@ -27,9 +27,9 @@
     <FSCoreVersionPrefix>$(FSMajorVersion).$(FSMinorVersion).$(FSBuildVersion)</FSCoreVersionPrefix>
     <FSCoreVersion>$(FSMajorVersion).$(FSMinorVersion).0.0</FSCoreVersion>
     <!-- FSharp.Compiler.Service version -->
-    <FCSMajorVersion>38</FCSMajorVersion>
-    <FCSMinorVersion>$(FSMinorVersion)</FCSMinorVersion>
-    <FCSBuildVersion>$(FSBuildVersion)</FCSBuildVersion>
+    <FCSMajorVersion>39</FCSMajorVersion>
+    <FCSMinorVersion>0</FCSMinorVersion>
+    <FCSBuildVersion>0</FCSBuildVersion>
     <FCSRevisionVersion>$(FSRevisionVersion)</FCSRevisionVersion>
     <FSharpCompilerServicePackageVersion>$(FCSMajorVersion).$(FCSMinorVersion).$(FCSBuildVersion)</FSharpCompilerServicePackageVersion>
     <FSharpCompilerServiceReleaseNotesVersion>$(FCSMajorVersion)-$(FCSMinorVersion)-$(FCSBuildVersion)</FSharpCompilerServiceReleaseNotesVersion>
diff --git a/src/fsharp/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj b/src/fsharp/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj
index 1427c9c258b..6c74f4201c1 100644
--- a/src/fsharp/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj
+++ b/src/fsharp/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj
@@ -22,6 +22,7 @@
     <PackageDescription>The F# Compiler Services package For F# $(FSLanguageVersion) exposes additional functionality for implementing F# language bindings, additional tools based on the compiler or refactoring tools. The package also includes F# interactive service that can be used for embedding F# scripting into your applications.  Contains code from the F# Software Foundation.</PackageDescription>
     <PackageReleaseNotes>/blob/main/release-notes.md#FSharp-Compiler-Service-$(FSharpCompilerServiceReleaseNotesVersion)</PackageReleaseNotes>
     <PackageTags>F#, fsharp, interactive, compiler, editor</PackageTags>
+    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
   </PropertyGroup>
 
   <ItemGroup>