A device for applying an elastoplastic spacer tape as a spacer during the production of insulating glass panes has at least two supply reels for spacer tapes, several driven tape guide rollers, and a movable application head for the selected spacer tape, with whose assistance the spacer tape is pressed onto a glass pane. For coating one or the other spacer tape, a coating station with two coating nozzles is provided, from which adhesive glue is sprayed on the lateral surfaces of the selected spacer tape. The spacer tape that is unneeded in each case is stopped in the application head in such a way that one or the other of the spacer tapes as desired, depending on which spacer tape is required for the production of a special insulating glass pane, is applied to the glass pane. Thus, the laborious threading and unthreading of spacer tapes is not necessary.