xsnakobx---I agree w/ carleton. If you are actually racing on the track, you're better off w/ aluminum and looking at something like a fuji track pro, bianchi super pista, leader, cinelli vigorelli, etc.

BUT, in the interest of proving my point, i will name some steel framesets that fit your description:

-Alien (lugged, good quality, track geo)
-Soma Rush (Not lugged, nicer steel, trackish geo)

they both run in the $500 area. The Soma is coming out w/ a cool new look for 2010 (blue) and since it doesn't come w/ a fork, you could put a CF fork on there to make it a bit lighter.