You are skilled at timing and aiming ranged attacks.
Prerequisite: Point Blank Shot.
Benefit: You can shoot or throw ranged weapons at an opponent engaged in melee without taking the standard –4 penalty on your attack roll (see Shooting or Throwing into a Melee).
Special: A fighter may select Precise Shot as one of his fighter bonus feats.
Source: Player’s Handbook (version 3.5), page 98.