Below is a picture of the bike when I first got it. A Bianchi Campione Del Mondo 1987. I picked it up for $5 from a garage sale.

What a deal! It has a Reynolds CroMo frame, full Shimano 105, Weinmann 36 spoke rims, Sugino Crank.
Here it is today. The morph is complete for now.
The red Jamis saddle came from my wifes Dakar. $0
One bottle cage from MEC $3
Egg Beaters SS from eBay $50
A little foam and electrical tape to make a chain stay protector. $0
The 14-28 Suntour freewheel was donated by my parts bike. $0
Some new bar tape. $12.
A BF friend generously donated a longer stem. A nice Bianchi stem at that! $0
2 Tioga Blood Hounds at MEC - $30
46 x 36 Chain rings MEC - $35 (Possibly the ugliest chain rings I've ever seen but they were cheap)
New Suntour Barcon shifters & cable stops from eBay – $24
Today was it's inagural "first bad condition commute" since it was finished. The hard pack ice along my route has melted for the most part. The bike handled very well on the slushy/gravel shoulder and was good through some areas where the snow hasn't been cleared.
What a difference from commuting on the Enduro with Nokian Extreme 294's! It felt like I was flying and I easily cut 10 minutes off of my average commute time today! It is almost as fast as my commuter bike, but it can handle the roads when they get rough.
I definatley recommend something like this as a project to anyone. So far, I'm into this bike for a whopping $159.
T.J.