diff --git a/py_backwards/transformers/__init__.py b/py_backwards/transformers/__init__.py
index 82efa61..5df43ab 100644
--- a/py_backwards/transformers/__init__.py
+++ b/py_backwards/transformers/__init__.py
@@ -3,6 +3,7 @@
 from .formatted_values import FormattedValuesTransformer
 from .functions_annotations import FunctionsAnnotationsTransformer
 from .starred_unpacking import StarredUnpackingTransformer
+from .async_await import AsyncAwaitTransformer
 from .variables_annotations import VariablesAnnotationsTransformer
 from .yield_from import YieldFromTransformer
 from .return_from_generator import ReturnFromGeneratorTransformer
@@ -23,6 +24,7 @@
     # 3.4
     DictUnpackingTransformer,
     StarredUnpackingTransformer,
+    AsyncAwaitTransformer,
     # 3.2
     YieldFromTransformer,
     ReturnFromGeneratorTransformer,
diff --git a/py_backwards/transformers/async_await.py b/py_backwards/transformers/async_await.py
new file mode 100644
index 0000000..4851350
--- /dev/null
+++ b/py_backwards/transformers/async_await.py
@@ -0,0 +1,64 @@
+from typed_ast import ast3 as ast
+from .base import BaseNodeTransformer
+
+
+ASYNCIO_MODULE = '__py_backwards_asyncio__'
+
+def asyncio_decorator():
+    return ast.Attribute(
+        value=ast.Name(
+            id=ASYNCIO_MODULE,
+            ctx=ast.Load(),
+        ),
+        attr='coroutine',
+    )
+
+
+def splice(fn, vars):
+    for i, v in enumerate(vars):
+        nv = fn(v)
+        if nv is None:
+            yield v
+        else:
+            yield nv
+            for v in vars[i:]:
+                yield v
+            break
+
+
+class AsyncAwaitTransformer(BaseNodeTransformer):
+    """Compiles:
+        async def ham():
+            await foo()
+    To
+
+        import asyncio as __py_backwards_asyncio__
+
+        @__py_backwards_asyncio__.coroutine
+        def ham():
+            yield from foo()
+    """
+    target = (3, 4)
+
+    def visit_Module(self, n: ast.Module) -> ast.Module:
+        self._tree_changed = True
+        def dosplice(v):
+            # insert just after the first node that's not a future import.
+            if not (isinstance(v, ast.ImportFrom) and v.module == '__future__'):
+                return ast.Import(names=[ast.alias('asyncio', ASYNCIO_MODULE)])
+
+        return self.generic_visit(ast.Module(body=list(splice(dosplice, n.body))))
+
+    def visit_AsyncFunctionDef(self, node: ast.AsyncFunctionDef) -> ast.FunctionDef:
+        self._tree_changed = True
+        return self.generic_visit(ast.FunctionDef(
+            name=node.name,
+            args=node.args,
+            body=node.body,
+            decorator_list=node.decorator_list + [asyncio_decorator()],
+            returns=node.returns,
+        ))
+
+    def visit_Await(self, node: ast.Await) -> ast.Await:
+        self._tree_changed = True
+        return self.generic_visit(ast.YieldFrom(value=node.value))
diff --git a/tests/transformers/test_async_await.py b/tests/transformers/test_async_await.py
new file mode 100644
index 0000000..dba6d15
--- /dev/null
+++ b/tests/transformers/test_async_await.py
@@ -0,0 +1,27 @@
+import pytest
+from py_backwards.transformers.async_await import AsyncAwaitTransformer
+
+
+@pytest.mark.parametrize('before, after', [
+    ('''
+async def fn():
+    await range(10)
+    ''', '''import asyncio as __py_backwards_asyncio__
+
+@__py_backwards_asyncio__.coroutine
+def fn():
+    yield from range(10)
+'''),
+    ('''
+async def fn():
+    a = await range(10)
+    ''', '''import asyncio as __py_backwards_asyncio__
+
+@__py_backwards_asyncio__.coroutine
+def fn():
+    a = yield from range(10)
+'''),
+])
+def test_transform(transform, ast, before, after):
+    code = transform(AsyncAwaitTransformer, before)
+    assert ast(code) == ast(after)