diff --git a/Configuration.props b/Configuration.props
index 89d5c6a0b82..11baf27a502 100644
--- a/Configuration.props
+++ b/Configuration.props
@@ -12,7 +12,7 @@
       Condition=" Exists('$(MSBuildThisFileDirectory)Configuration.OperatingSystem.props') And '$(DoNotLoadOSProperties)' != 'True' "
   />
   <PropertyGroup>
-    <ProductVersion>10.3.0</ProductVersion>
+    <ProductVersion>10.3.1</ProductVersion>
     <!-- TFV for all projects, try v4.7.2 but fallback if needed -->
     <_StandardLibraryPath Condition=" '$(TargetFrameworkVersion)' == '' ">$([Microsoft.Build.Utilities.ToolLocationHelper]::GetPathToStandardLibraries('.NETFramework', 'v4.7.2', ''))</_StandardLibraryPath>
     <TargetFrameworkVersion Condition=" '$(TargetFrameworkVersion)' == '' And '$(UsingMicrosoftNETSdk)' != 'true' And '$(_StandardLibraryPath)' != '' ">v4.7.2</TargetFrameworkVersion>