Abstract: An arrow rest and overdraw assembly for use with a compound bow. The apparatus comprises a bracket mounted to the frame of the compound bow, an arrow rest/overdraw arm pivotally mounted to the bracket, and an actuator arm pivotally mounted to the arrow rest/overdraw arm and a cable slide. The arrow rest is coupled to the arrow rest/overdraw arm. The cable slide is slidably mounted to the cable guard of the bow and coupled to the tuning cables of the bow. When the bowstring is in the released position, the arrow rest/overdraw arm and actuator arm are in a rest state which positions the arrow rest below the line of fire of the arrow. As the bowstring is drawn back, the rearward lateral movement of the tuning cables that occurs causes the cable slide to slide along the cable guard in a direction toward the archer and pivot the actuator arm relative to the arrow rest overdraw arm to lift the arrow rest to align the arrow for firing.