diff --git a/examples/S3_Bucket_With_AccelerateConfiguration.py b/examples/S3_Bucket_With_AccelerateConfiguration.py
new file mode 100644
index 000000000..4106c4911
--- /dev/null
+++ b/examples/S3_Bucket_With_AccelerateConfiguration.py
@@ -0,0 +1,33 @@
+# Converted from S3_Bucket.template located at:
+# http://aws.amazon.com/cloudformation/aws-cloudformation-templates/
+
+from troposphere import Output, Ref, Template
+from troposphere.s3 import Bucket, PublicRead, AccelerateConfiguration
+
+t = Template()
+
+t.add_description(
+    "AWS CloudFormation Sample Template S3_Bucket: Sample template showing :"
+    "How to create a publicly accessible S3 bucket. "
+    "How to enable S3 Transfer Acceleration. "
+    "**WARNING** This template creates an Amazon S3 Bucket. "
+    "You will be billed for the AWS resources used if you create "
+    "a stack from this template.")
+
+s3bucket = t.add_resource(Bucket(
+    "S3Bucket",
+    # Make public Read
+    AccessControl=PublicRead,
+    # Enable s3 Transfer Acceleration
+    AccelerateConfiguration=AccelerateConfiguration(
+        AccelerationStatus="Enabled",
+    ),
+))
+
+t.add_output(Output(
+    "BucketName",
+    Value=Ref(s3bucket),
+    Description="Name of S3 bucket with s3 transfer acceleration enabled",
+))
+
+print(t.to_json())
diff --git a/tests/examples_output/S3_Bucket_With_AccelerateConfiguration.template b/tests/examples_output/S3_Bucket_With_AccelerateConfiguration.template
new file mode 100644
index 000000000..256545fb5
--- /dev/null
+++ b/tests/examples_output/S3_Bucket_With_AccelerateConfiguration.template
@@ -0,0 +1,22 @@
+{
+    "Description": "AWS CloudFormation Sample Template S3_Bucket: Sample template showing :How to create a publicly accessible S3 bucket. How to enable S3 Transfer Acceleration. **WARNING** This template creates an Amazon S3 Bucket. You will be billed for the AWS resources used if you create a stack from this template.",
+    "Outputs": {
+        "BucketName": {
+            "Description": "Name of S3 bucket with s3 transfer acceleration enabled",
+            "Value": {
+                "Ref": "S3Bucket"
+            }
+        }
+    },
+    "Resources": {
+        "S3Bucket": {
+            "Properties": {
+                "AccelerateConfiguration": {
+                    "AccelerationStatus": "Enabled"
+                },
+                "AccessControl": "PublicRead"
+            },
+            "Type": "AWS::S3::Bucket"
+        }
+    }
+}
diff --git a/tests/test_basic.py b/tests/test_basic.py
index a3e9d4258..24dc7e0e7 100644
--- a/tests/test_basic.py
+++ b/tests/test_basic.py
@@ -3,7 +3,7 @@
 from troposphere import If, Join, Ref, Split, Sub, Template
 from troposphere import depends_on_helper
 from troposphere.ec2 import Instance, Route, SecurityGroupRule
-from troposphere.s3 import Bucket
+from troposphere.s3 import Bucket, AccelerateConfiguration
 from troposphere.elasticloadbalancing import HealthCheck
 from troposphere.validators import positive_integer
 
@@ -63,6 +63,33 @@ def test_resource_depends_on_attr(self):
         self.assertEqual(b1.title, b2.DependsOn)
 
 
+class TestS3AccelerateConfiguration(unittest.TestCase):
+    def test_accelerate_configuration_enabled(self):
+        ac = AccelerateConfiguration(
+            AccelerationStatus='Enabled',
+        )
+        self.assertEqual('Enabled', ac.AccelerationStatus)
+
+    def test_accelerate_configuration_suspended(self):
+        ac = AccelerateConfiguration(
+            AccelerationStatus='Suspended',
+        )
+        self.assertEqual('Suspended', ac.AccelerationStatus)
+
+    def test_accelerate_configuration_invalid_value(self):
+        with self.assertRaises(ValueError):
+            AccelerateConfiguration(AccelerationStatus='Invalid Value')
+
+    def test_s3_bucket_accelerate_configuration(self):
+        t = Template()
+        ac = AccelerateConfiguration(AccelerationStatus="Enabled")
+
+        b = Bucket("s3Bucket", AccelerateConfiguration=ac)
+        t.add_resource(b)
+        output = t.to_json()
+        self.assertIn('"AccelerationStatus": "Enabled"', output)
+
+
 def call_correct(x):
     return x
 
diff --git a/troposphere/s3.py b/troposphere/s3.py
index d4f2d8439..f4f9ce148 100644
--- a/troposphere/s3.py
+++ b/troposphere/s3.py
@@ -6,6 +6,7 @@
 
 from . import AWSObject, AWSProperty, Tags
 from .validators import positive_integer, s3_bucket_name
+from .validators import s3_transfer_acceleration_status
 
 try:
     from awacs.aws import Policy
@@ -46,6 +47,12 @@ class VersioningConfiguration(AWSProperty):
     }
 
 
+class AccelerateConfiguration(AWSProperty):
+    props = {
+        'AccelerationStatus': (s3_transfer_acceleration_status, True),
+    }
+
+
 class RedirectAllRequestsTo(AWSProperty):
     props = {
         'HostName': (basestring, True),
@@ -269,6 +276,7 @@ class Bucket(AWSObject):
 
     props = {
         'AccessControl': (basestring, False),
+        'AccelerateConfiguration': (AccelerateConfiguration, False),
         'BucketName': (s3_bucket_name, False),
         'CorsConfiguration': (CorsConfiguration, False),
         'LifecycleConfiguration': (LifecycleConfiguration, False),
diff --git a/troposphere/validators.py b/troposphere/validators.py
index 9395e77ce..03bee72e5 100644
--- a/troposphere/validators.py
+++ b/troposphere/validators.py
@@ -133,6 +133,17 @@ def status(status):
     return status
 
 
+def s3_transfer_acceleration_status(value):
+    valid_status = ['Enabled', 'Suspended']
+    if value not in valid_status:
+        raise ValueError(
+            'AccelerationStatus must be one of: "%s"' % (
+                ', '.join(valid_status)
+            )
+        )
+    return value
+
+
 def iam_names(b):
     iam_name_re = compile(r'^[a-zA-Z0-9_\.\+\=\@\-\,]+$')
     if iam_name_re.match(b):