Abstract: A fishing pole with indicator means particularly useful in fishing through the ice. The pole is preferably constructed primarily of wood and includes a nose piece on the end of which is a rod above which is mounted an elongated, flexible member attached to the nose piece and extending at an angle vertically above the rod. Extending through the nose piece is an adjustable member forming an electrial contact which the flexible member engages when a pull is exerted on its end by the fish line. The adjustable contact member determines the sensitivity of the indicator means which includes a buzzer and an LED light operatively connected to the adjustable contact member and elongated flexible member. A reel mounted on top of the handle includes a groove formed between two flanges. A plurality of radially extending slots are cut into the flanges and a rubber band is inserted in two of the adjacent slots for regulating the amount of fish line that can be let out of the reel.