randya, don't be too sure about that. from what hereNT posted, it sounds like it's an older celeste bianchi track. those buggers are NOTORIOUS for having flakey paint. i've seen a bunch that, from a distance, looked fine, but upon closer inspection i was seeing bare tubes.
before anything, i'd reccommend a good clear coat. just find some krylon, do a test area (say, underneath the bottom bracket) and if it turns out okay, do the whole bike. THEN do the tape. then you won't have to worry about pulling the paint off with the tape.