diff --git a/aws/resource_aws_elastic_transcoder_preset.go b/aws/resource_aws_elastic_transcoder_preset.go
index dfe0777a36c..f3591f69401 100644
--- a/aws/resource_aws_elastic_transcoder_preset.go
+++ b/aws/resource_aws_elastic_transcoder_preset.go
@@ -215,7 +215,7 @@ func resourceAwsElasticTranscoderPreset() *schema.Resource {
 						"max_frame_rate": {
 							Type:     schema.TypeString,
 							Optional: true,
-							Default:  "30",
+							Computed: true,
 							ForceNew: true,
 						},
 						"max_height": {
diff --git a/aws/resource_aws_elastic_transcoder_preset_test.go b/aws/resource_aws_elastic_transcoder_preset_test.go
index dc75fbdba55..80600fc5139 100644
--- a/aws/resource_aws_elastic_transcoder_preset_test.go
+++ b/aws/resource_aws_elastic_transcoder_preset_test.go
@@ -133,6 +133,33 @@ func TestAccAWSElasticTranscoderPreset_Full(t *testing.T) {
 	})
 }
 
+// Reference: https://github.com/terraform-providers/terraform-provider-aws/issues/695
+func TestAccAWSElasticTranscoderPreset_Video_FrameRate(t *testing.T) {
+	var preset elastictranscoder.Preset
+	resourceName := "aws_elastictranscoder_preset.test"
+	rName := acctest.RandomWithPrefix("tf-acc-test")
+
+	resource.ParallelTest(t, resource.TestCase{
+		PreCheck:     func() { testAccPreCheck(t); testAccPreCheckAWSElasticTranscoder(t) },
+		Providers:    testAccProviders,
+		CheckDestroy: testAccCheckElasticTranscoderPresetDestroy,
+		Steps: []resource.TestStep{
+			{
+				Config: testAccAwsElasticTranscoderPresetConfigVideoFrameRate(rName, "29.97"),
+				Check: resource.ComposeTestCheckFunc(
+					testAccCheckElasticTranscoderPresetExists(resourceName, &preset),
+					resource.TestCheckResourceAttr(resourceName, "video.0.frame_rate", "29.97"),
+				),
+			},
+			{
+				ResourceName:      resourceName,
+				ImportState:       true,
+				ImportStateVerify: true,
+			},
+		},
+	})
+}
+
 func testAccCheckElasticTranscoderPresetExists(name string, preset *elastictranscoder.Preset) resource.TestCheckFunc {
 	return func(s *terraform.State) error {
 		conn := testAccProvider.Meta().(*AWSClient).elastictranscoderconn
@@ -346,3 +373,42 @@ resource "aws_elastictranscoder_preset" "test" {
 }
 `, rName)
 }
+
+func testAccAwsElasticTranscoderPresetConfigVideoFrameRate(rName string, frameRate string) string {
+	return fmt.Sprintf(`
+resource "aws_elastictranscoder_preset" "test" {
+  container   = "mp4"
+  name        = %[1]q
+
+  thumbnails {
+    format         = "png"
+    interval       = 120
+    max_width      = "auto"
+    max_height     = "auto"
+    padding_policy = "Pad"
+    sizing_policy  = "Fit"
+  }
+
+  video {
+    bit_rate             = "auto"
+    codec                = "H.264"
+    display_aspect_ratio = "16:9"
+    fixed_gop            = "true"
+    frame_rate           = %[2]q
+    keyframes_max_dist   = 90
+    max_height           = 1080
+    max_width            = 1920
+    padding_policy       = "Pad"
+    sizing_policy        = "Fit"
+  }
+
+  video_codec_options = {
+    Profile                  = "main"
+    Level                    = "4.1"
+    MaxReferenceFrames       = 4
+    InterlacedMode           = "Auto"
+    ColorSpaceConversionMode = "None"
+  }
+}
+`, rName, frameRate)
+}
diff --git a/website/docs/guides/version-3-upgrade.html.md b/website/docs/guides/version-3-upgrade.html.md
index c4fc375fbaf..c2fec8b3afe 100644
--- a/website/docs/guides/version-3-upgrade.html.md
+++ b/website/docs/guides/version-3-upgrade.html.md
@@ -21,6 +21,7 @@ Upgrade topics:
 - [Data Source: aws_availability_zones](#data-source-aws_availability_zones)
 - [Data Source: aws_lambda_invocation](#data-source-aws_lambda_invocation)
 - [Resource: aws_dx_gateway](#resource-aws_dx_gateway)
+- [Resource: aws_elastic_transcoder_preset](#resource-aws_elastic_transcoder_preset)
 - [Resource: aws_emr_cluster](#resource-aws_emr_cluster)
 - [Resource: aws_lb_listener_rule](#resource-aws_lb_listener_rule)
 - [Resource: aws_s3_bucket](#resource-aws_s3_bucket)
@@ -157,6 +158,12 @@ output "lambda_result" {
 
 Previously when importing the `aws_dx_gateway` resource with the [`terraform import` command](/docs/commands/import.html), the Terraform AWS Provider would automatically attempt to import an associated `aws_dx_gateway_association` resource(s) as well. This automatic resource import has been removed. Use the [`aws_dx_gateway_association` resource import](/docs/providers/aws/r/dx_gateway_association.html#import) to import those resources separately.
 
+## Resource: aws_elastic_transcoder_preset
+
+### video Configuration Block max_frame_rate Argument No Longer Uses 30 Default
+
+Previously when the `max_frame_rate` argument was not configured, the resource would default to 30. This behavior has been removed and allows for auto frame rate presets to automatically set the appropriate value.
+
 ## Resource: aws_emr_cluster
 
 ### core_instance_count Argument Removal