diff --git a/docs/rpc.md b/docs/rpc.md
index ffbaa3c4d..117e957fa 100644
--- a/docs/rpc.md
+++ b/docs/rpc.md
@@ -51,7 +51,7 @@ which would yield the response:
 | `getrawmempool` | No (#175) |
 | `getrawtransaction` | Yes |
 | `getstorage` | No (#343) |
-| `gettxout` | No (#345) |
+| `gettxout` | Yes |
 | `getunspents` | Yes |
 | `getversion` | Yes |
 | `invoke` | Yes |
diff --git a/pkg/rpc/prometheus.go b/pkg/rpc/prometheus.go
index 51c865003..686d09853 100644
--- a/pkg/rpc/prometheus.go
+++ b/pkg/rpc/prometheus.go
@@ -84,6 +84,14 @@ var (
 		},
 	)
 
+	gettxoutCalled = prometheus.NewCounter(
+		prometheus.CounterOpts{
+			Help:      "Number of calls to gettxout rpc endpoint",
+			Name:      "gettxout_called",
+			Namespace: "neogo",
+		},
+	)
+
 	getrawtransactionCalled = prometheus.NewCounter(
 		prometheus.CounterOpts{
 			Help:      "Number of calls to getrawtransaction rpc endpoint",
@@ -122,6 +130,7 @@ func init() {
 		getassetstateCalled,
 		getaccountstateCalled,
 		getunspentsCalled,
+		gettxoutCalled,
 		getrawtransactionCalled,
 		sendrawtransactionCalled,
 	)
diff --git a/pkg/rpc/server.go b/pkg/rpc/server.go
index 641aa90eb..3805da144 100644
--- a/pkg/rpc/server.go
+++ b/pkg/rpc/server.go
@@ -245,6 +245,10 @@ Methods:
 		getrawtransactionCalled.Inc()
 		results, resultsErr = s.getrawtransaction(reqParams)
 
+	case "gettxout":
+		gettxoutCalled.Inc()
+		results, resultsErr = s.getTxOut(reqParams)
+
 	case "getunspents":
 		getunspentsCalled.Inc()
 		results, resultsErr = s.getAccountState(reqParams, true)
@@ -311,6 +315,40 @@ func (s *Server) getrawtransaction(reqParams Params) (interface{}, error) {
 	return results, resultsErr
 }
 
+func (s *Server) getTxOut(ps Params) (interface{}, error) {
+	p, ok := ps.Value(0)
+	if !ok {
+		return nil, errInvalidParams
+	}
+
+	h, err := p.GetUint256()
+	if err != nil {
+		return nil, errInvalidParams
+	}
+
+	p, ok = ps.ValueWithType(1, numberT)
+	if !ok {
+		return nil, errInvalidParams
+	}
+
+	num, err := p.GetInt()
+	if err != nil || num < 0 {
+		return nil, errInvalidParams
+	}
+
+	tx, _, err := s.chain.GetTransaction(h)
+	if err != nil {
+		return nil, NewInvalidParamsError(err.Error(), err)
+	}
+
+	if num >= len(tx.Outputs) {
+		return nil, NewInvalidParamsError("invalid index", errors.New("too big index"))
+	}
+
+	out := tx.Outputs[num]
+	return wrappers.NewTxOutput(&out), nil
+}
+
 // getAccountState returns account state either in short or full (unspents included) form.
 func (s *Server) getAccountState(reqParams Params, unspents bool) (interface{}, error) {
 	var resultsErr error
diff --git a/pkg/rpc/server_test.go b/pkg/rpc/server_test.go
index dcf9bdc7b..0c03ffb4d 100644
--- a/pkg/rpc/server_test.go
+++ b/pkg/rpc/server_test.go
@@ -112,6 +112,38 @@ var rpcTestCases = map[string][]rpcTestCase{
 			fail:   true,
 		},
 	},
+	"gettxout": {
+		{
+			name:   "no params",
+			params: `[]`,
+			fail:   true,
+		},
+		{
+			name:   "invalid hash",
+			params: `["notahex"]`,
+			fail:   true,
+		},
+		{
+			name:   "missing hash",
+			params: `["aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa", 0]`,
+			fail:   true,
+		},
+		{
+			name:   "invalid index",
+			params: `["7aadf91ca8ac1e2c323c025a7e492bee2dd90c783b86ebfc3b18db66b530a76d", "string"]`,
+			fail:   true,
+		},
+		{
+			name:   "negative index",
+			params: `["7aadf91ca8ac1e2c323c025a7e492bee2dd90c783b86ebfc3b18db66b530a76d", -1]`,
+			fail:   true,
+		},
+		{
+			name:   "too big index",
+			params: `["7aadf91ca8ac1e2c323c025a7e492bee2dd90c783b86ebfc3b18db66b530a76d", 100]`,
+			fail:   true,
+		},
+	},
 	"getblock": {
 		{
 			name:   "positive",
@@ -489,6 +521,23 @@ func TestRPC(t *testing.T) {
 		require.NoErrorf(t, err, "could not parse response: %s", body)
 		assert.Equal(t, "400000455b7b226c616e67223a227a682d434e222c226e616d65223a22e5b08fe89a81e882a1227d2c7b226c616e67223a22656e222c226e616d65223a22416e745368617265227d5d0000c16ff28623000000da1745e9b549bd0bfa1a569971c77eba30cd5a4b00000000", res.Result)
 	})
+
+	t.Run("gettxout", func(t *testing.T) {
+		block, _ := chain.GetBlock(chain.GetHeaderHash(0))
+		tx := block.Transactions[3]
+		rpc := fmt.Sprintf(`{"jsonrpc": "2.0", "id": 1, "method": "gettxout", "params": [%s, %d]}"`,
+			`"`+tx.Hash().StringLE()+`"`, 0)
+		body := doRPCCall(rpc, handler, t)
+		checkErrResponse(t, body, false)
+
+		var result GetTxOutResponse
+		err := json.Unmarshal(body, &result)
+		require.NoErrorf(t, err, "could not parse response: %s", body)
+		assert.Equal(t, 0, result.Result.N)
+		assert.Equal(t, "0x9b7cffdaa674beae0f930ebe6085af9093e5fe56b34a5c220ccdcf6efc336fc5", result.Result.Asset)
+		assert.Equal(t, util.Fixed8FromInt64(100000000), result.Result.Value)
+		assert.Equal(t, "AZ81H31DMWzbSnFDLFkzh9vHwaDLayV7fU", result.Result.Address)
+	})
 }
 
 func (tc rpcTestCase) getResultPair(e *executor) (expected interface{}, res interface{}) {
diff --git a/pkg/rpc/types.go b/pkg/rpc/types.go
index 058bc9046..50beee7d5 100644
--- a/pkg/rpc/types.go
+++ b/pkg/rpc/types.go
@@ -96,6 +96,13 @@ type GetRawTxResponse struct {
 	Result *RawTxResponse `json:"result"`
 }
 
+// GetTxOutResponse represents result of `gettxout` RPC call.
+type GetTxOutResponse struct {
+	responseHeader
+	Error  *Error
+	Result *wrappers.TransactionOutput
+}
+
 // RawTxResponse stores transaction with blockchain metadata to be sent as a response.
 type RawTxResponse struct {
 	TxResponse
diff --git a/pkg/rpc/wrappers/tx_output.go b/pkg/rpc/wrappers/tx_output.go
new file mode 100644
index 000000000..e624dff8e
--- /dev/null
+++ b/pkg/rpc/wrappers/tx_output.go
@@ -0,0 +1,27 @@
+package wrappers
+
+import (
+	"github.com/CityOfZion/neo-go/pkg/core/transaction"
+	"github.com/CityOfZion/neo-go/pkg/encoding/address"
+	"github.com/CityOfZion/neo-go/pkg/util"
+)
+
+// TransactionOutput is a wrapper to represent transaction's output.
+type TransactionOutput struct {
+	N       int         `json:"n"`
+	Asset   string      `json:"asset"`
+	Value   util.Fixed8 `json:"value"`
+	Address string      `json:"address"`
+}
+
+// NewTxOutput converts out to a TransactionOutput.
+func NewTxOutput(out *transaction.Output) *TransactionOutput {
+	addr := address.Uint160ToString(out.ScriptHash)
+
+	return &TransactionOutput{
+		N:       out.Position,
+		Asset:   "0x" + out.AssetID.String(),
+		Value:   out.Amount,
+		Address: addr,
+	}
+}