Aeolian dust input may be a critical source of dissolved iron for phytoplankton growth in some oceanic regions. We used an atmospheric general circulation model (GCM) to simulate dust transport and removal by dry and wet deposition. Model results show extremely low dust concentrations over the equatorial Pacific and Southern Ocean. We find that wet deposition through precipitation scavenging accounts for ~40% of the total deposition over the coastal oceans and ~60% over the open ocean. Our estimates suggest that the annual input of dissolved Fe by precipitation scavenging ranges from 0.5 to 4 ¿ 1012 g yr-1, which is 4--30% of the total aeolian Fe fluxes. Dissolved Fe input through dry deposition is significantly lower than that by wet deposition, accounting for only 0.6--2.4 % of the total Fe deposition. Our upper limit estimate on the fraction of dissolved Fe in the total atmospheric deposition is thus more than three times higher than the value of 10% currently considered as an upper limit for dissolved Fe in Aeolian fluxes. As iron input through precipitation may promote episodic phytoplankton growth in the ocean, measurements of dissolved iron in rainwater over the oceans are needed for the study of oceanic biogeochemical cycles.