diff --git a/icu4j/build.properties b/icu4j/build.properties
index 73cff41c1f4..aef2aa05de7 100644
--- a/icu4j/build.properties
+++ b/icu4j/build.properties
@@ -4,6 +4,6 @@
 #*******************************************************************************
 api.report.version = 53
 api.report.prev.version = 52
-release.file.ver = 53m1
-api.doc.version = 53 Milestone 1
+release.file.ver = 53rc
+api.doc.version = 53 Release Candidate
 
diff --git a/icu4j/eclipse-build/build.properties b/icu4j/eclipse-build/build.properties
index 457df416d93..f78d5fdf630 100644
--- a/icu4j/eclipse-build/build.properties
+++ b/icu4j/eclipse-build/build.properties
@@ -1,7 +1,7 @@
 #*******************************************************************************
-#* Copyright (C) 2010-2013, International Business Machines Corporation and    *
+#* Copyright (C) 2010-2014, International Business Machines Corporation and    *
 #* others. All Rights Reserved.                                                *
 #*******************************************************************************
-icu4j.plugin.impl.version.string=53.0.1
+icu4j.plugin.impl.version.string=53.1.0
 copyright.eclipse=Licensed Materials - Property of IBM \n (C) Copyright IBM Corp. 2000, 2013. All Rights Reserved. \n IBM is a registered trademark of IBM Corp.
 icu4j.data.version.number=53
diff --git a/icu4j/eclipse-build/misc/about_icu.html b/icu4j/eclipse-build/misc/about_icu.html
index e346924b8ad..a2f8488d2c5 100644
--- a/icu4j/eclipse-build/misc/about_icu.html
+++ b/icu4j/eclipse-build/misc/about_icu.html
@@ -31,7 +31,7 @@ and such source code may be obtained at <a href="http://www.eclipse.org/">http:/
 		for informational purposes only, and you should look to the Redistributor's license for 
 		terms and conditions of use.</p>
 
-		<p><strong>ICU4J 53.X.X.v2013XXXX plug-in</strong> <br/><br/>
+		<p><strong>ICU4J 53.X.X.v2014XXXX plug-in</strong> <br/><br/>
 		The plug-in includes software (&quot;ICU4J&quot;) developed by International Business Machines
 		Corporation and others.
 		<br/><br/>
diff --git a/icu4j/eclipse-build/misc/about_icu_base.html b/icu4j/eclipse-build/misc/about_icu_base.html
index a9d1f841806..d9d5258575b 100644
--- a/icu4j/eclipse-build/misc/about_icu_base.html
+++ b/icu4j/eclipse-build/misc/about_icu_base.html
@@ -31,7 +31,7 @@ and such source code may be obtained at <a href="http://www.eclipse.org/">http:/
 		for informational purposes only, and you should look to the Redistributor's license for 
 		terms and conditions of use.</p>
 
-		<p><strong>ICU4J 53.X.X.v2013XXXX base plug-in</strong> <br/><br/>
+		<p><strong>ICU4J 53.X.X.v2014XXXX base plug-in</strong> <br/><br/>
 		The plug-in includes software (&quot;ICU4J&quot;) developed by International Business Machines
 		Corporation and others.
 		<br/><br/>
diff --git a/icu4j/main/classes/core/src/com/ibm/icu/util/VersionInfo.java b/icu4j/main/classes/core/src/com/ibm/icu/util/VersionInfo.java
index c4c006cd13e..9794aab59ae 100644
--- a/icu4j/main/classes/core/src/com/ibm/icu/util/VersionInfo.java
+++ b/icu4j/main/classes/core/src/com/ibm/icu/util/VersionInfo.java
@@ -516,8 +516,8 @@ public final class VersionInfo implements Comparable<VersionInfo>
         UNICODE_6_2   = getInstance(6, 2, 0, 0);
         UNICODE_6_3   = getInstance(6, 3, 0, 0);
 
-        ICU_VERSION   = getInstance(53, 0, 1, 0);
-        ICU_DATA_VERSION = getInstance(53, 0, 1, 0);
+        ICU_VERSION   = getInstance(53, 1, 0, 0);
+        ICU_DATA_VERSION = getInstance(53, 1, 0, 0);
         UNICODE_VERSION = UNICODE_6_3;
 
         UCOL_RUNTIME_VERSION = getInstance(8);
diff --git a/icu4j/main/shared/build/common.properties b/icu4j/main/shared/build/common.properties
index b16127a2f7f..3b161e401a4 100644
--- a/icu4j/main/shared/build/common.properties
+++ b/icu4j/main/shared/build/common.properties
@@ -1,13 +1,13 @@
 #*******************************************************************************
-#* Copyright (C) 2009-2013, International Business Machines Corporation and    *
+#* Copyright (C) 2009-2014, International Business Machines Corporation and    *
 #* others. All Rights Reserved.                                                *
 #*******************************************************************************
 
 # Version numbers, etc.
 icu4j.spec.version = 53
-icu4j.impl.version = 53.0.1
+icu4j.impl.version = 53.1.0
 icu4j.data.version = 53
-current.year = 2013
+current.year = 2014
 default.exec.env = J2SE-1.5
 
 corp = IBM Corporation