diff --git a/CHANGELOG/preview.md b/CHANGELOG/preview.md
index 2e89bcd37d..afc3604031 100644
--- a/CHANGELOG/preview.md
+++ b/CHANGELOG/preview.md
@@ -1,5 +1,188 @@
 # Current preview release
 
+## [7.2.0-preview.2] - 2020-12-15
+
+### Breaking Changes
+
+- Improve detection of mutable value types (#12495) (Thanks @vexx32!)
+- Ensure `-PipelineVariable` is set for all output from script cmdlets (#12766) (Thanks @vexx32!)
+
+### Experimental Features
+
+- `PSAnsiRendering`: Enable ANSI formatting via `$PSStyle` and support suppressing ANSI output (#13758)
+
+### Performance
+
+- Optimize `IEnumerable` variant of replace operator (#14221) (Thanks @iSazonov!)
+- Refactor multiply operation for better performance in two `Microsoft.PowerShell.Commands.Utility` methods (#14148) (Thanks @xtqqczze!)
+- Use `Environment.TickCount64` instead of `Datetime.Now` as the random seed for AppLocker test file content (#14283) (Thanks @iSazonov!)
+- Avoid unnecessary array allocations when searching in GAC (#14291) (Thanks @xtqqczze!)
+- Use `OrdinalIgnoreCase` in `CommandLineParser` (#14303) (Thanks @iSazonov!)
+- Use `StringComparison.Ordinal` instead of `StringComparison.CurrentCulture` (#14298) (Thanks @iSazonov!)
+- Avoid creating instances of the generated delegate helper class in `-replace` implementation (#14128)
+
+### General Cmdlet Updates and Fixes
+
+- Write better error message if config file is broken (#13496) (Thanks @iSazonov!)
+- Make AppLocker Enforce mode take precedence over UMCI Audit mode (#14353)
+- Add `-SkipLimitCheck` switch to `Import-PowerShellDataFile` (#13672)
+- Restrict `New-Object` in NoLanguage mode under lock down (#14140) (Thanks @krishnayalavarthi!)
+- The `-Stream` parameter now works with directories (#13941) (Thanks @kyanha!)
+- Avoid an exception if file system does not support reparse points (#13634) (Thanks @iSazonov!)
+- Enable `CA1012`: Abstract types should not have public constructors (#13940) (Thanks @xtqqczze!)
+- Enable `SA1212`: Property accessors should follow order (#14051) (Thanks @xtqqczze!)
+
+### Code Cleanup
+
+<details>
+
+<summary>
+
+<p>We thank the following contributors!</p>
+<p>@xtqqczze, @matthewjdegarmo, @powercode, @Gimly</p>
+
+</summary>
+
+<ul>
+<li>Enable <code>SA1007</code>: Operator keyword should be followed by space (#14130) (Thanks @xtqqczze!)</li>
+<li>Expand <code>where</code> alias to <code>Where-Object</code> in <code>Reset-PWSHSystemPath.ps1</code> (#14113) (Thanks @matthewjdegarmo!)</li>
+<li>Fix whitespace issues (#14092) (Thanks @xtqqczze!)</li>
+<li>Add <code>StyleCop.Analyzers</code> package (#13963) (Thanks @xtqqczze!)</li>
+<li>Enable <code>IDE0041</code>: <code>UseIsNullCheck</code> (#14041) (Thanks @xtqqczze!)</li>
+<li>Enable <code>IDE0082</code>: <code>ConvertTypeOfToNameOf</code> (#14042) (Thanks @xtqqczze!)</li>
+<li>Remove unnecessary usings part 4 (#14023) (Thanks @xtqqczze!)</li>
+<li>Fix <code>PriorityAttribute</code> name (#14094) (Thanks @xtqqczze!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Interpreter.IBoxableInstruction</code> (#14165) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Provider.IDynamicPropertyProvider</code> (#14167) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Language.IScriptExtent</code> (#14179) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Language.ICustomAstVisitor2</code> (#14192) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.LanguagePrimitives.IConversionData</code> (#14187) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Automation.Remoting.Client.IWSManNativeApiFacade</code> (#14186) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Language.ISupportsAssignment</code> (#14180) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.ICommandRuntime2</code> (#14183) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.IOutputProcessingState</code> (#14175) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.IJobDebugger</code> (#14174) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Interpreter.IInstructionProvider</code> (#14173) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.IHasSessionStateEntryVisibility</code> (#14169) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Tracing.IEtwEventCorrelator</code> (#14168) (Thanks @powercode!)</li>
+<li>Fix syntax error in Windows packaging script (#14377)</li>
+<li>Remove redundant local assignment in <code>AclCommands</code> (#14358) (Thanks @xtqqczze!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Language.IAstPostVisitHandler</code> (#14164) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.IModuleAssemblyInitializer</code> (#14158) (Thanks @powercode!)</li>
+<li>Use <code>Microsoft.PowerShell.MarkdownRender</code> package from <code>nuget.org</code> (#14090)</li>
+<li>Replace <code>GetFiles</code> in <code>TestModuleManifestCommand</code> (#14317) (Thanks @xtqqczze!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Provider.IContentWriter</code> (#14152) (Thanks @powercode!)</li>
+<li>Simplify getting Encoding in <code>TranscriptionOption.FlushContentToDisk</code> (#13910) (Thanks @Gimly!)</li>
+<li>Mark applicable structs as <code>readonly</code> and use <code>in</code>-modifier (#13919) (Thanks @xtqqczze!)</li>
+<li>Enable nullable: <code>System.Management.Automation.IArgumentCompleter</code> (#14182) (Thanks @powercode!)</li>
+<li>Enable <code>CA1822</code>: Mark <code>private</code> members as <code>static</code> (#13897) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 6 (#14338) (Thanks @xtqqczze!)</li>
+<li>Avoid array allocations from <code>GetDirectories</code>/<code>GetFiles</code>. (#14328) (Thanks @xtqqczze!)</li>
+<li>Avoid array allocations from <code>GetDirectories</code>/<code>GetFiles</code>. (#14330) (Thanks @xtqqczze!)</li>
+<li>Fix <code>RCS1188</code>: Remove redundant auto-property initialization part 2 (#14262) (Thanks @xtqqczze!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Host.IHostSupportsInteractiveSession</code> (#14170) (Thanks @powercode!)</li>
+<li>Enable nullable: <code>System.Management.Automation.Provider.IPropertyCmdletProvider</code> (#14176) (Thanks @powercode!)</li>
+<li>Fix <code>IDE0090</code>: Simplify new expression part 5 (#14301) (Thanks @xtqqczze!)</li>
+<li>Enable <code>IDE0075</code>: <code>SimplifyConditionalExpression</code> (#14078) (Thanks @xtqqczze!)</li>
+<li>Remove unnecessary usings part 9 (#14288) (Thanks @xtqqczze!)</li>
+<li>Fix StyleCop and MarkdownLint CI failures (#14297) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1000</code>: Keywords should be spaced correctly (#13973) (Thanks @xtqqczze!)</li>
+<li>Fix <code>RCS1188</code>: Remove redundant auto-property initialization part 1 (#14261) (Thanks @xtqqczze!)</li>
+<li>Mark <code>private</code> members as <code>static</code> part 10 (#14235) (Thanks @xtqqczze!)</li>
+<li>Mark <code>private</code> members as <code>static</code> part 9 (#14234) (Thanks @xtqqczze!)</li>
+<li>Fix <code>SA1642</code> for <code>Microsoft.Management.Infrastructure.CimCmdlets</code> (#14239) (Thanks @xtqqczze!)</li>
+<li>Use <code>AsSpan</code>/<code>AsMemory</code> slice constructor (#14265) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 4.6 (#14260) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 4.5 (#14259) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 4.3 (#14257) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 4.2 (#14256) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 2 (#14200) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1643</code>: Destructor summary documentation should begin with standard text (#14236) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify new expression part 4.4 (#14258) (Thanks @xtqqczze!)</li>
+<li>Use xml documentation child blocks correctly (#14249) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 4.1 (#14255) (Thanks @xtqqczze!)</li>
+<li>Use consistent spacing in xml documentation tags (#14231) (Thanks @xtqqczze!)</li>
+<li>Enable <code>IDE0074</code>: Use coalesce compound assignment (#13396) (Thanks @xtqqczze!)</li>
+<li>Remove unnecessary finalizers (#14248) (Thanks @xtqqczze!)</li>
+<li>Mark local variable as <code>const</code> (#13217) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0032</code>: <code>UseAutoProperty</code> part 2 (#14244) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0032</code>: <code>UseAutoProperty</code> part 1 (#14243) (Thanks @xtqqczze!)</li>
+<li>Mark <code>private</code> members as <code>static</code> part 8 (#14233) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 6 (#14229) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 5 (#14228) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 4 (#14227) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 3 (#14226) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 2 (#14225) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 1 (#14224) (Thanks @xtqqczze!)</li>
+<li>Use <code>see</code> keyword in documentation (#14220) (Thanks @xtqqczze!)</li>
+<li>Enable <code>CA2211</code>: Non-constant fields should not be visible (#14073) (Thanks @xtqqczze!)</li>
+<li>Enable <code>CA1816</code>: <code>Dispose</code> methods should call <code>SuppressFinalize</code> (#14074) (Thanks @xtqqczze!)</li>
+<li>Remove incorrectly implemented finalizer (#14246) (Thanks @xtqqczze!)</li>
+<li>Fix <code>CA1822</code>: Mark members as <code>static</code> part 7 (#14230) (Thanks @xtqqczze!)</li>
+<li>Fix <code>SA1122</code>: Use <code>string.Empty</code> for empty strings (#14218) (Thanks @xtqqczze!)</li>
+<li>Fix various xml documentation issues (#14223) (Thanks @xtqqczze!)</li>
+<li>Remove unnecessary <code>using</code>s part 8 (#14072) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1006</code>: Preprocessor keywords should not be preceded by space (#14052) (Thanks @xtqqczze!)</li>
+<li>Fix <code>SA1642</code> for <code>Microsoft.PowerShell.Commands.Utility</code> (#14142) (Thanks @xtqqczze!)</li>
+<li>Enable <code>CA2216</code>: Disposable types should declare finalizer (#14089) (Thanks @xtqqczze!)</li>
+<li>Wrap and name <code>LoadBinaryModule</code> arguments (#14193) (Thanks @xtqqczze!)</li>
+<li>Wrap and name <code>GetListOfFilesFromData</code> arguments (#14194) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1002</code>: Semicolons should be spaced correctly (#14197) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 3 (#14201) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1106</code>: Code should not contain empty statements (#13964) (Thanks @xtqqczze!)</li>
+<li>Code performance fixes follow-up (#14207) (Thanks @xtqqczze!)</li>
+<li>Remove uninformative comments (#14199) (Thanks @xtqqczze!)</li>
+<li>Fix <code>IDE0090</code>: Simplify <code>new</code> expression part 1 (#14027) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1517</code>: Code should not contain blank lines at start of file (#14131) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1131</code>: Use readable conditions (#14132) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1507</code>: Code should not contain multiple blank lines in a row (#14136) (Thanks @xtqqczze!)</li>
+<li>Enable <code>SA1516</code> Elements should be separated by blank line (#14137) (Thanks @xtqqczze!)</li>
+<li>Enable <code>IDE0031</code>: Null check can be simplified (#13548) (Thanks @xtqqczze!)</li>
+<li>Enable <code>CA1065</code>: Do not raise exceptions in unexpected locations (#14117) (Thanks @xtqqczze!)</li>
+<li>Enable <code>CA1000</code>: Do not declare <code>static</code> members on generic types (#14097) (Thanks @xtqqczze!)</li>
+</ul>
+
+</details>
+
+### Tools
+
+- Fixing formatting in `Reset-PWSHSystemPath.ps1` (#13689) (Thanks @dgoldman-msft!)
+
+### Tests
+
+- Reinstate `Test-Connection` tests (#13324)
+- Update markdown test packages with security fixes (#14145)
+
+### Build and Packaging Improvements
+
+<details>
+
+<ul>
+<li>Fix a typo in the <code>Get-ChangeLog</code> function (#14129)</li>
+<li>Update <code>README</code> and <code>metadata.json</code> for <code>7.2.0-preview.1</code> release (#14104)</li>
+<li>Bump <code>NJsonSchema</code> from <code>10.2.2</code> to <code>10.3.1</code> (#14040)</li>
+<li>Move windows package signing to use ESRP (#14060)</li>
+<li>Use one feed in each <code>nuget.config</code> in official builds (#14363)</li>
+<li>Fix path signed RPMs are uploaded from in release build (#14424)</li>
+<li>Add <code>Microsoft.PowerShell.MarkdownRender</code> to the package reference list (#14386)</li>
+<li>Fix issue with unsigned build (#14367)</li>
+<li>Move macOS and nuget to ESRP signing (#14324)</li>
+<li>Fix nuget packaging to scrub <code>NullableAttribute</code> (#14344)</li>
+<li>Bump <code>Microsoft.NET.Test.Sdk</code> from 16.8.0 to 16.8.3 (#14310)</li>
+<li>Bump <code>Markdig.Signed</code> from 0.22.0 to 0.22.1 (#14305)</li>
+<li>Bump <code>Microsoft.ApplicationInsights</code> from 2.15.0 to 2.16.0 (#14031)</li>
+<li>Move Linux to ESRP signing (#14210)</li>
+</ul>
+
+</details>
+
+### Documentation and Help Content
+
+- Fix example `nuget.config` (#14349)
+- Fix a broken link in Code Guidelines doc (#14314) (Thanks @iSazonov!)
+
+[7.2.0-preview.2]: https://github.com/PowerShell/PowerShell/compare/v7.2.0-preview.1...v7.2.0-preview.2
+
 ## [7.2.0-preview.1] - 2020-11-17
 
 ### Engine Updates and Fixes