diff --git a/sdk/eventgrid/Azure.Messaging.EventGrid/CHANGELOG.md b/sdk/eventgrid/Azure.Messaging.EventGrid/CHANGELOG.md
index 630a8817606a9..cfdfbcce52d07 100644
--- a/sdk/eventgrid/Azure.Messaging.EventGrid/CHANGELOG.md
+++ b/sdk/eventgrid/Azure.Messaging.EventGrid/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 4.28.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 4.27.0 (2024-10-14)
 
 ### Features Added
diff --git a/sdk/eventgrid/Azure.Messaging.EventGrid/src/Azure.Messaging.EventGrid.csproj b/sdk/eventgrid/Azure.Messaging.EventGrid/src/Azure.Messaging.EventGrid.csproj
index a4e4c351d0a92..2b4743a842a8c 100644
--- a/sdk/eventgrid/Azure.Messaging.EventGrid/src/Azure.Messaging.EventGrid.csproj
+++ b/sdk/eventgrid/Azure.Messaging.EventGrid/src/Azure.Messaging.EventGrid.csproj
@@ -2,9 +2,9 @@
   <PropertyGroup>
     <Description>This library can be used to publish events to Azure Event Grid and to consume events delivered by EventGrid. It also defines the event schemas for the events published to EventGrid by various Azure services.</Description>
     <AssemblyTitle>Microsoft Azure.Messaging.EventGrid client library</AssemblyTitle>
-    <Version>4.27.0</Version>
+    <Version>4.28.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>4.26.0</ApiCompatVersion>
+    <ApiCompatVersion>4.27.0</ApiCompatVersion>
     <PackageTags>Microsoft Azure EventGrid;Event Grid;Event Grid Publishing;</PackageTags>
     <DisableEnhancedAnalysis>true</DisableEnhancedAnalysis>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>