diff --git a/modules/angular2/src/common/directives.ts b/modules/angular2/src/common/directives.ts
index ceb662d168..e81c64a200 100644
--- a/modules/angular2/src/common/directives.ts
+++ b/modules/angular2/src/common/directives.ts
@@ -6,6 +6,7 @@
 export {NgClass} from './directives/ng_class';
 export {NgFor} from './directives/ng_for';
 export {NgIf} from './directives/ng_if';
+export {NgTemplateOutlet} from './directives/ng_template_outlet';
 export {NgStyle} from './directives/ng_style';
 export {NgSwitch, NgSwitchWhen, NgSwitchDefault} from './directives/ng_switch';
 export {NgPlural, NgPluralCase, NgLocalization} from './directives/ng_plural';
diff --git a/modules/angular2/src/common/directives/core_directives.ts b/modules/angular2/src/common/directives/core_directives.ts
index 64772e101a..fed030c5c2 100644
--- a/modules/angular2/src/common/directives/core_directives.ts
+++ b/modules/angular2/src/common/directives/core_directives.ts
@@ -2,6 +2,7 @@ import {CONST_EXPR, Type} from 'angular2/src/facade/lang';
 import {NgClass} from './ng_class';
 import {NgFor} from './ng_for';
 import {NgIf} from './ng_if';
+import {NgTemplateOutlet} from './ng_template_outlet';
 import {NgStyle} from './ng_style';
 import {NgSwitch, NgSwitchWhen, NgSwitchDefault} from './ng_switch';
 import {NgPlural, NgPluralCase} from './ng_plural';
@@ -50,6 +51,7 @@ export const CORE_DIRECTIVES: Type[] = CONST_EXPR([
   NgClass,
   NgFor,
   NgIf,
+  NgTemplateOutlet,
   NgStyle,
   NgSwitch,
   NgSwitchWhen,
diff --git a/modules/angular2/src/common/directives/ng_template_outlet.ts b/modules/angular2/src/common/directives/ng_template_outlet.ts
new file mode 100644
index 0000000000..38784bbad4
--- /dev/null
+++ b/modules/angular2/src/common/directives/ng_template_outlet.ts
@@ -0,0 +1,26 @@
+import {Directive, Input, ViewContainerRef, ViewRef, TemplateRef} from 'angular2/core';
+import {isPresent} from 'angular2/src/facade/lang';
+
+/**
+ * Creates and inserts an embedded view based on a prepared `TemplateRef`.
+ *
+ * ### Syntax
+ * - `<template [ngTemplateOutlet]="templateRefExpression"></template>`
+ */
+@Directive({selector: '[ngTemplateOutlet]'})
+export class NgTemplateOutlet {
+  private _insertedViewRef: ViewRef;
+
+  constructor(private _viewContainerRef: ViewContainerRef) {}
+
+  @Input()
+  set ngTemplateOutlet(templateRef: TemplateRef) {
+    if (isPresent(this._insertedViewRef)) {
+      this._viewContainerRef.remove(this._viewContainerRef.indexOf(this._insertedViewRef));
+    }
+
+    if (isPresent(templateRef)) {
+      this._insertedViewRef = this._viewContainerRef.createEmbeddedView(templateRef);
+    }
+  }
+}
diff --git a/modules/angular2/test/common/directives/ng_template_outlet_spec.ts b/modules/angular2/test/common/directives/ng_template_outlet_spec.ts
new file mode 100644
index 0000000000..158188f206
--- /dev/null
+++ b/modules/angular2/test/common/directives/ng_template_outlet_spec.ts
@@ -0,0 +1,113 @@
+import {
+  AsyncTestCompleter,
+  TestComponentBuilder,
+  beforeEach,
+  ddescribe,
+  describe,
+  el,
+  expect,
+  iit,
+  inject,
+  it,
+  xit,
+} from 'angular2/testing_internal';
+
+import {Component, Directive, TemplateRef, ContentChildren, QueryList} from 'angular2/core';
+
+import {NgTemplateOutlet} from 'angular2/src/common/directives/ng_template_outlet';
+
+export function main() {
+  describe('insert', () => {
+    it('should do nothing if templateRef is null',
+       inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
+         var template = `<template [ngTemplateOutlet]="null"></template>`;
+         tcb.overrideTemplate(TestComponent, template)
+             .createAsync(TestComponent)
+             .then((fixture) => {
+
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('');
+
+               async.done();
+             });
+       }));
+
+    it('should insert content specified by TemplateRef',
+       inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
+         var template =
+             `<tpl-refs #refs="tplRefs"><template>foo</template></tpl-refs><template [ngTemplateOutlet]="currentTplRef"></template>`;
+         tcb.overrideTemplate(TestComponent, template)
+             .createAsync(TestComponent)
+             .then((fixture) => {
+
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('');
+
+               var refs = fixture.debugElement.children[0].getLocal('refs');
+
+               fixture.componentInstance.currentTplRef = refs.tplRefs.first;
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('foo');
+
+               async.done();
+             });
+       }));
+
+    it('should clear content if TemplateRef becomes null',
+       inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
+         var template =
+             `<tpl-refs #refs="tplRefs"><template>foo</template></tpl-refs><template [ngTemplateOutlet]="currentTplRef"></template>`;
+         tcb.overrideTemplate(TestComponent, template)
+             .createAsync(TestComponent)
+             .then((fixture) => {
+
+               fixture.detectChanges();
+               var refs = fixture.debugElement.children[0].getLocal('refs');
+
+               fixture.componentInstance.currentTplRef = refs.tplRefs.first;
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('foo');
+
+               fixture.componentInstance.currentTplRef = null;
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('');
+
+               async.done();
+             });
+       }));
+
+    it('should swap content if TemplateRef changes',
+       inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
+         var template = `<tpl-refs #refs="tplRefs"><template>foo</template><template>bar</template></tpl-refs><template [ngTemplateOutlet]="currentTplRef"></template>`;
+         tcb.overrideTemplate(TestComponent, template)
+             .createAsync(TestComponent)
+             .then((fixture) => {
+
+               fixture.detectChanges();
+               var refs = fixture.debugElement.children[0].getLocal('refs');
+
+               fixture.componentInstance.currentTplRef = refs.tplRefs.first;
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('foo');
+
+               fixture.componentInstance.currentTplRef = refs.tplRefs.last;
+               fixture.detectChanges();
+               expect(fixture.nativeElement).toHaveText('bar');
+
+               async.done();
+             });
+       }));
+
+  });
+}
+
+
+@Directive({selector: 'tpl-refs', exportAs: 'tplRefs'})
+class CaptureTplRefs {
+  @ContentChildren(TemplateRef) tplRefs: QueryList<TemplateRef>;
+}
+
+@Component({selector: 'test-cmp', directives: [NgTemplateOutlet, CaptureTplRefs], template: ''})
+class TestComponent {
+  currentTplRef: TemplateRef;
+}
diff --git a/modules/angular2/test/public_api_spec.ts b/modules/angular2/test/public_api_spec.ts
index e365717eaa..0674737ce4 100644
--- a/modules/angular2/test/public_api_spec.ts
+++ b/modules/angular2/test/public_api_spec.ts
@@ -66,6 +66,7 @@ var NG_COMMON = [
   'NgFormControl',
   'NgFormModel',
   'NgIf',
+  'NgTemplateOutlet',
   'NgModel',
   'NgSelectOption',
   'NgStyle',
diff --git a/tools/public_api_guard/public_api_spec.ts b/tools/public_api_guard/public_api_spec.ts
index d2a87aa9f5..7ef838ec1d 100644
--- a/tools/public_api_guard/public_api_spec.ts
+++ b/tools/public_api_guard/public_api_spec.ts
@@ -736,6 +736,9 @@ const COMMON = [
   'NgIf',
   'NgIf.constructor(_viewContainer:ViewContainerRef, _templateRef:TemplateRef)',
   'NgIf.ngIf=(newCondition:any)',
+  'NgTemplateOutlet',
+  'NgTemplateOutlet.constructor(_viewContainerRef:ViewContainerRef)',
+  'NgTemplateOutlet.ngTemplateOutlet=(templateRef:TemplateRef)',
   'NgLocalization',
   'NgLocalization.getPluralCategory(value:any):string',
   'NgModel',