Abstract: An archery bow having an arrow guide apparatus for holding and guiding a vaned arrow. The apparatus includes a channel formed in the bow's handle section and three flexible fins mounted at angularly spaced intervals within the channel and projecting radially inwardly therein. The inwardly facing ends of the fins form a guide slot for embracing and guiding an arrow slidably along the arrow's path of release. Upon arrow release, the arrow vanes pass unhindered through associated openings provided between adjacent fins. The flexibility of the fins permits an arrow to be inserted, by forced movement in a direction substantially laterally of the arrow's axis, into the guide slot, and further permits expansion of the effective size of the guide slot to accommodate large diameter arrow shafts.