Following on the heels of the 480 release, Rickenbacker produced this model 481 with the same body shape and bolt-on neck, but with several important differences: the pickups were "humbucking", and the guitar had a small phase reversal switch to affect tonality. Further, most (but not all) 481 models had the "slant fret" feature, previously introduced as an option on the model 360, whereby the frets were slanted down 8 degrees on the bass side, intended to better match the player's fretting hand. This trend wasn't especially popular, and this model was discontinued circa 1982. This classy looking example is finished in White with black binding, pickguard and truss rod cover. OHSC