I am not familiar with the Canon 500, but suggest meter, AEL, then meter again in another area, and observe the metered difference. A better start would be with a spot meter (multispot and averaging function). There is an important pont to be made: most slide films, particularly Fuji's Velvia (50, 100F), return the very best results exposed in
diffuse, rather than spectral/point, light (e.g. bright sunny days) at which times the contrast range is way beyond what the film can handle. The Canon 500 only has partial metering? No CWA??
Metering from palm of hand is not always foolproof. VI would be a ballpark figure in bright sun, then V in diffuse light, much less in very flat light. Or use a grey card. Experimenting with your chosen film's behaviour in various lighting conditions will give you a lot of valuable information to play with; so what if you stuff up, it's experience!