The ICX120 features a more compact body than the typical Iceman. Other differences from the traditional Iceman models include the master volume and tone controls rather than the individual volume and tone controls for each pickup, a non-mahogany body, no set-in neck joint and 24 frets. The ICX120 features a basswood body mated to a maple neck with a 24-fret rosewood fingerboard with dot inlays. Components include a fixed bridge and tailpiece and dual Ibanez Axis humbucking pickups. The ICX120 was replaced by the ICX220 for 2005.