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diff --git a/README.txt b/README.txt
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--- a/README.txt
+++ b/README.txt
@@ -1 +1,18 @@
-This file is a placeholder; see docs/index.html for documentation.
+Low Level Virtual Machine (LLVM)
+================================
+
+This directory and its subdirectories contain source code for the Low Level
+Virtual Machine, a toolkit for the construction of highly optimized compilers,
+optimizers, and runtime environments.
+
+LLVM is open source software. You may freely distribute it under the terms of
+the license agreement found in LICENSE.txt.
+
+Please see the documentation provided in docs/ for further
+assistance with LLVM, and in particular docs/GettingStarted.rst for getting
+started with LLVM and docs/README.txt for an overview of LLVM's
+documentation setup.
+
+If you're writing a package for LLVM, see docs/Packaging.rst for our
+suggestions.
+