nobrainer440 - dutret talking smack, even if he's being a sweetiepie for looking out for the best interest of your $40 (hey, it's just what he does). just because it's a varsity doesn't mean it's worthless.
enjoy building your bike, and enjoy riding it, but also be keeping your eye out for deals on better frames. varsities are clunkers. but hey, it's a first fixed gear, it doesn't have to be magic, especially when it will be a learning experience that will make you fall in love.