Thanks, guys! I keep going out to my garage to make sure she's really still there. I just can't believe I've actually got a Paramount! I went to the Waterford site and checked out their prices for repaint and decal application. The price actually seems pretty reasonable, and this bike certainly deserves it. I sent an email to Waterford with some questions, and I actually got a reply back from Richard Schwinn! Cool! If anyone would have told me when was a young lass in the late 70's on my beloved Le Tour that I'd have a Paramount and would be corresponding with Richard Schwinn... I'd have called them crazy!

I'd like to put the 700c wheels on, but it looks like the brake pads are down as far as they can go. I'll look into the longer reach brakes.

Here are a couple of pictures. They aren't that great since it's starting to get dark here. The bike looks much nicer in person. Thanks again for all the replies and advice.

-Lisa