An angioplasty catheter has an elongated body with at least one lumen extending therethrough. A tip, constructed of materials softer than the elongated body is attached to the distal end of the body. The tip segment has at least one lumen passing therethrough which is in alignment withthe lumen in the elongated body. A guide is adapted to pass through the aligned lumens. A balloon is connected to the distal segment of the elongated body over its outer periphery, thereby creating a balloon cavity therebetween. At least one additional lumen is provided in the elongated body in flow communication with the balloon cavity, for selective inflation and deflation thereof, with a contrast fluid.