IC 1503 is near the east end of large group (USGC U850), which includes NGC 7696, 7704, 7705 and 7706. CGCG 407-021, located 23' WNW, is faint, fairly small, slightly elongated, 25"x20", low surface brightness, weak concentration.
MCG +01-60-011, located 18' WNW, faint, small, slightly elongated, 25"x20", low surface brightness. A mag 13.6 star is less than 1' SW.
Stephane Javelle discovered IC 1503 = J. 1-495 on 9 Oct 1891. His position is accurate.
600/800mm - 24" (9/7/18): at 260x; between fairly faint and moderately bright, elongated 2:1 WSW-ENE, slightly brighter along the major axis, ~45"x20". An equal mag 12.5-13 pair of stars [~7" separation] is 3.5' S.
Notes by Steve Gottlieb