Takamine makes a good acoustic somewhere in that range. I think I paid around $225.00 for mine at guitar center a couple of years ago. I would just shop around and ask questions. You can find a good beginner acoustic in that range. I would visit pawn shops also. If you're interested, I've got a blue Jasmin with a case for $200. it has a good sound.

[Edited by Locomotive breath on 08-08-2002 at 06:29 PM]