The Indianapolis Ice was the name of an ice hockey team in Indianapolis, Indiana, that played in the International Hockey League from 1988–99 and in the Central Hockey League from 1999–2004. Their original home arena was the Indiana State Fairgrounds Pepsi Coliseum at the Indiana State Fairgrounds on the city's near-northeast side. They subsequently played at Market Square Arena. Once Market Square Arena was imploded, a few home games were played at Conseco Fieldhouse downtown each year, with the majority played at the Pepsi Coliseum. Their major rivals during the 1990s were the Fort Wayne Komets.
This team is unrelated to the Indiana Ice team that was formed in 2004.
The Ice won the 1990 Turner Cup and the 2000 Ray Miron Cup.