The AE500 is an AE series acoustic/ electric guitar model introduced by Ibanez for 1990. It was produced in Korea.
The AE500 features a AE shaped body with a soft florentine cutaway. The top is spruce with white and black binding on mahogany back and sides. The oval soundhole has a black and white purfling rosette. It has a satin-finish nato neck with a 20-fret rosewood fingerboard with small pearl dot position markers black binding and white side dots. Components include a rosewood bridge with Tru-Tune saddle , plastic nut, and chrome covered Die-cast tuning machines. Electronics consist of an active 3-band EQ system with one volume control.
For 1993 the neck material was changed to mahogany.