Pass / Failing a Class

Currently in Sophmore year at a target school with a 3.79 GPA - not doing so hot in one of my classes, so if I continue with it I'll likely end up with somewhere around a 3.76-3.77 cumulative GPA. However, if I pass/fail the class, I can probably end up with a ~3.82, but it will show up on my transcript as a P/F Econ class. Do people looking to hire for internships actually look at transcripts? And, second of all, would that small of a difference even really matter anyways?

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