Since you're going to be setting up that bike for the Little 500, you must be an archrival from IU. OK,l when you strip that bike down to a Fixed Gear per requirements of the race, don't grind off the derailleur hangar or cable guides. That way you can put whatever bike you get back together....or you could just buy a used track bike or already converted bike and not have to spend money on conversions.

For the uninitiated, the Little 500 is a bike race on a cinder track with single speed/coaster brake setup. http://en.wikipedia.org/wiki/Little_...ttle_500_bikes