The IC200 features a mahogany body with cream binding mated to a set-in 3-ply rock maple neck with a 22-fret ebonized rosewood fingerboard with binding and pearloid parallelogram position markers. Components include a Gibraltar fixed bridge, a Quik Change tailpiece, a pair Ibanez Super 80 "Flying Fingers" humbucking pickups with individual volume and tone controls, a bone and brass nut, Sure Grip knobs, and Velve-Tune II machine heads. The output jack is mounted on the face of the guitar.
For 1979 the pickups were changed to uncovered V2 humbuckers and the hardware was changed to gold.
The IC100 is a related model with a bolt-on neck and opaque finishes. The IC210 is a similar model with a triple-coil pickup. The IC250 is a similar model with a maple top.