The subject bicycle is a circa 1985, Asian manufactured, upper entry level, sports-touring model. The model name and paint scheme was intended to cash in on the 1984 Olympic Games held in Los Angeles, as it duplicates the Raleigh Team livery of the period, when Raleigh was the "Official Supplier of Bicycles to the U.S. National Team". Connie Carpenter had won the women's Olympic Road Race on a similar looking but much higher grade Raleigh.
The frame is double butted CrMo main tubes with hi-tensile steel forks and stays. The derailleur are from Shimano's Z-series. Brakes should be the ubiquitous Dia-Compe QS500N. The rims, while aluminum, are only 27",as opposed to 700C, which was the dominant standard at the time. In short, everything is competent but lower end, with the main penalty being weight. The bicycle should weigh ~26-27lbs. MSRP would have been ~$225-250.
The subject bicycle has had at least the pedals replaced. The stem is adjusted dangerously high and risks coming out or breaking. Picture assist...
