I just went and looked at these: http://raleigh.craigslist.org/bik/341139213.html

both bikes were identical except the yellow one had north road bars and a cushier seat. The red one had the hard plastic saddle. Both appeared to be in good shape except the wheels, they were a little rusty and out of true. 5 speed, simplex derailleur. The feature I liked best was the oversized wingnuts used for wheel lugnuts, I wanted to offer for just those alone.