I play it with capo 3 instead, which have the following chord translations:
Eb = C
Cm = Am
Ab = F
Bb = G

This also allows me to do the picking instead if I want it to sound like the original 
instead of just chords.  Using open chords on capo 3, I just pick A and D strings back and 
forth for the C and the Am and the E and A strings for the F (barred) and G.

Something like this:
D|---5---5---5---5---5--|
A|-6---6---6---6---6----|
E|----------------------| ...continue until chord change

D|---5---5---5---5---5--|
A|-3---3---3---3---3----|
E|----------------------| ...continue

D|----------------------|
A|---6---6---6---6---6--|
E|-4---4---4---4---4----| ...continue

D|----------------------|
E|---5---5---5---5---5--|
E|-6---6---6---6---6----| ...continue



I did this fast, so please let me know if I typed it up wrong.  And sorry for the lack 
of apostrophes--UG does not like them.
--Adam


----------------------------------
The Precipice by The Classic Crime
From Phoenix
----------------------------------

Verse 1:

Eb
I wish I could play the violin
    Cm
Id play til tears rolled down your cheek and chin
    Ab
And if you sang along
Bb                         Eb
We could write the saddest song


Verse 2:

Eb
Sometimes I indulge my every whim
    Cm
And piece-by-piece I build the cell Im in
      Ab
But I only stay here long
  Bb                        Eb
enough to write the saddest song


Chorus:

           Cm                     Eb
I dreamt I stood on a hill that I wished was a mountain
   Cm                            Eb
To look back on all my accomplishments
          Cm                             Eb
Well they must have been small because I couldnt seem to find them
     Ab              Bb           Eb
so I took a leap off of the precipice


Verse 3:

Eb
I wish I could play piano well
   Cm
Id hit the keys that make your spirit swell
    Ab
And if you sang along
Bb                         Eb
We could write the saddest song



*Repeat Chorus*



Bridge:

Eb
Whatever the cost

Whether it works out or not
Cm
Whatever the cost

Whether it works out or not
Ab
Ill follow you
            Bb          Eb
Ill follow you with my heart


*Repeat Bridge*


*Chorus is repeated here a cappella.  I like to do one strum per chord here instead.*