since this bike has no braze-ons for fenders, i would suggest using P-clamps, as i did on my trek 560. they're extremelt stable (haven't had to adjust them, ever, and there's no rattling/rubbing). i don't think they detract at all from the overall appearance, but i do agree with saphod beeblebrox that they might not be strong enough to support a rack.
i second velouria's suggestion on the SKS fenders; that's what i chose for my trek, although i think my trek is newer and i wanted something contemporary looking. for your bike i might also consider the VO 37mm fenders, if there is clearance. they are very classy looking on a road bike, in my opinion. i have them on my raleigh comp GS:
i would also follow some of the other suggestions, such as swapping out the bar tape for something orange-y or brown, like on my trek. you could also consider painting the lug shorelines in white or silver.