The IC50 features a laminated basswood and birch body bolted to a 3-ply maple neck with a 22-fret rosewood fingerboard with pearloid dot position markers. Components include a Gibraltar fixed bridge, Quik Change tailpiece, a pair Ibanez humbucking pickups with a covered Super 70 at the neck and an uncovered V2 with white bobbins at the bridge, Sure Grip knobs, and Smooth Tuner II machine heads. The output jack is mounted on the face of the guitar.
The IC400 is a related model with a flame maple top, different neck pickup and gold hardware.
This IC50 was discontinued after 1982 along with the Iceman II line. The Iceman body shape wouldn't return to the lineup until 1992.