The sainted grandfather of electric guitars, the Fender Stratocaster, famously cradled on stage by music legends from Buddy Holly to Jimi Hendrix and Eric Clapton, is turning 50. On the other hand, you can’t afford to stagnate. Its incredible versatility has lent it easily to rock, jazz, R 'n' B, heavy metal, reggae and classic guitar tunes. From the start, its sound could differ completely between genres or even from player to player. "From a technical standpoint, it was a genius invention because it's absolutely practical -- it moulds into the body perfectly. As soon as you hold one, it embraces you," said Smith, an acclaimed jazz recording artist. However, with prices on the increase, most sixties guitars are too expensive, leaving only Fender Duo Sonics, Mustangs or Gibson Melody Makers within their budget. The other key detail: It would be made in the U.S.A. To make sure no one missed the point, the new guitar would be called “American Standard.” Conspicuous designation of the U.S. origin of certain models or whole series would be a regular fixture of Fender strategies from now on. (American Standards built in 1994 bear a red, white, and blue medallion on the headstock, commemorating the instrument’s 40th anniversary. So how would the new Fender company accommodate changing styles and tastes, and adapt its venerable Stratocaster guitar to the needs of the present? During the CBS era, clear answers had often eluded the suits who ran the company. One exec opined in private, “What are we supposed to do — build in the same old mistakes, just to keep the purists happy?” Guitar V300 Vintage.