diff --git a/changelogs/fragments/371-ec2_launch_template-profile-arn.yml b/changelogs/fragments/371-ec2_launch_template-profile-arn.yml
new file mode 100644
index 00000000000..fcc13bc1a3e
--- /dev/null
+++ b/changelogs/fragments/371-ec2_launch_template-profile-arn.yml
@@ -0,0 +1,2 @@
+bugfixes:
+- ec2_launch_template - fixes parameter validation failure when passing a instance profile ARN instead of just the role name (https://github.com/ansible-collections/community.aws/pull/371).