it looks like a schwinn madison with a schwinn road fork of the same era. the original fork has rounded blades and a heart shaped lug cutout. i could be wrong though. . .and madisons were from the 80's.
That sure looks like a Madison. which I believe was schwinns low end entry level track bike. You can also see the holes in the head tube where the badge was removed.
I was contemplating it but it is a bit pricey and it does not have the original fork.
Here is a pic of one I found on the net
Last edited by Mattlikesbikes; 11-23-05 at 06:17 AM.