Your's is the "road-race" frame--mine is the "touring" frame. Both were made for 27" wheels (thus allowing 700C with all-surface tires), but will also accept 140mm rear axles (allowing 8-speed). Nice color on yours. I built a similar one for my wife--darker blue--but with more conventional components. Mine is a hodge-podge of weird stuff--Campy Racing Triple, MLB (French) brakes, old Athena derailleur, Mirage shifters, whatever I could make work out of the extensive junk box. Wife's is Claris, the last currently-made 8-speed brake-shifter, pulling Dia-Compe centerpull brakes; original Sugino BB, etc, but VERY NICE wheels for a bike like this. These are fun frames to play with, and CHEAP.
You can tell I'm used to a little more roadie position on the bike than she is, and then there's her insistence on street-shoe pedals.
Rick "who paid $75 for both frames" Denney