diff --git a/website/source/docs/providers/aws/r/launch_configuration.html.markdown b/website/source/docs/providers/aws/r/launch_configuration.html.markdown
index 85d45bcb0..849264018 100644
--- a/website/source/docs/providers/aws/r/launch_configuration.html.markdown
+++ b/website/source/docs/providers/aws/r/launch_configuration.html.markdown
@@ -24,8 +24,8 @@ resource "aws_launch_configuration" "as_conf" {
 
 Launch Configurations cannot be updated after creation with the Amazon
 Web Service API. In order to update a Launch Configuration, Terraform will
-destroy the existing resource and create a replacement. If order to effectively
-use a Launch Configuration resource with an[AutoScaling Group resource][1],
+destroy the existing resource and create a replacement. In order to effectively
+use a Launch Configuration resource with an [AutoScaling Group resource][1],
 it's recommend to omit the Launch Configuration `name` attribute, and
 specify `create_before_destroy` in a [lifecycle][2] block, as shown:
 
@@ -53,6 +53,35 @@ With this setup Terraform generates a unique name for your Launch
 Configuration and can then update the AutoScaling Group without conflict before
 destroying the previous Launch Configuration.
 
+## Using with Spot Instances
+
+Launch configurations can set the spot instance pricing to be used for the
+Auto Scaling Group to reserve instances. Simply specifying the `spot_price`
+parameter will set the price on the Launch Configuration which will attempt to
+reserve your instances at this price.  See the [AWS Spot Instance
+documentation](https://docs.aws.amazon.com/AWSEC2/latest/UserGuide/using-spot-instances.html)
+for more information or how to launch [Spot Instances][3] with Terraform.
+
+```
+resource "aws_launch_configuration" "as_conf" {
+    image_id = "ami-1234"
+    instance_type = "m1.small"
+    spot_price = "0.001"
+    lifecycle {
+      create_before_destroy = true
+    }
+}
+
+resource "aws_autoscaling_group" "bar" {
+    name = "terraform-asg-example"
+    launch_configuration = "${aws_launch_configuration.as_conf.name}"
+
+    lifecycle {
+      create_before_destroy = true
+    }
+}
+```
+
 ## Argument Reference
 
 The following arguments are supported:
@@ -75,6 +104,7 @@ The following arguments are supported:
   instance.  See [Block Devices](#block-devices) below for details.
 * `ephemeral_block_device` - (Optional) Customize Ephemeral (also known as
   "Instance Store") volumes on the instance. See [Block Devices](#block-devices) below for details.
+* `spot_price` - (Optional) The price to use for reserving spot instances.
 
 <a id="block-devices"></a>
 ## Block devices
@@ -139,3 +169,4 @@ The following attributes are exported:
 
 [1]: /docs/providers/aws/r/autoscaling_group.html
 [2]: /docs/configuration/resources.html#lifecycle
+[3]: /docs/providers/aws/r/spot_instance_request.html