Bicycle Mechanics - Old Schwinn freewheel removal

Hello, I have a rear wheel from a schwinn (collegiate?). It has 5 cogs. Markings on it say "Schwinn approved" "made in France model F2". I am having a hard time finding a correct removal tool. I bought a Park FR-4 but it is way too small diameter. Anyone know what I should be looking for ?

Have a look at this post/thread by Metacortex. He explained it fully.

http://www.bikeforums.net/showthread.php/851304-What-Schwinn-Varsity-is-this?p=14875768&viewfull=1#post14875768

Thanks. I need to learn how to search the forums. Bicycle Research CT-3 (http://api.viglink.com/api/click?format=go&drKey=1050&loc=http%3A%2F%2Fwww.bikeforums.net%2Fshowthread.php%2F851304-What-Schwinn-Varsity-is-this%3Fp%3D14875768%26viewfull%3D1%23post14875768&v=1&libid=1351816588568&out=http%3A%2F%2Fwww.bicycletool.com%2Fnormandymaillardfreewheeltool.aspx&ref=http%3A%2F%2Fwww.bikeforums.net%2Fshowthread.php%2F855642-Old-Schwinn-freewheel-removal&title=What%20Schwinn%20Varsity%20is%20this%3F%23post14875768&txt=Bicycle%20Research%20CT-3&jsonp=vglnk_jsonp_13518169059641)

GOOD GRIEF ! $35.99 plus 3.79 shipping. Only one on Ebay. I only paid $12.50 for the bike.

Yes, the Bicycle Research CT-3 is the tool you need. It is expensive, but then again, it has been out of production for decades and is a very small niche market. Perhaps your LBS already has one you could use on the rare occasions you need it?

I only paid $12.50 for the bike.
:wtf:
throw that bike away and get one that is worth spending money repairing,
if that is the way you see the world.

Have your bike shop remove it for whatever ($5-10) they might charge. Problem solved.