I only wish I knew where my 1970's Jackson was. It was red w/white panels, chrome fork ends - really pretty. It had similar problems with the BB that others are describing -- I thought mine was the only one -- but an great LBS owner managed to get a Phil BB in and Loc-tited into place.
That frame was the first purchase with my first paycheck from my first job after high school. I bought it in 1975. In 1992, it was stolen out of my garage.

Oh well. To this day, I could still tell most of the wierd assortment of components I had on it, from the Crane rear derailleur to the first-generation DA cranks to the Mafac Competition brakes to the Cinelli #3 saddle to the Phil Wood CHP-compliant pedals.