Deanster04

I have been riding steel frames for years. There is a product called Weigle's Framesaver. I use it on all my frames and it is a great rust inhibitor and coats the inside of the frame tubes. It truly works.
1) Disassemble your bike down to the frame.
2) Allow the frame to dry completely in a warm space.
3) Warm up the frame and spray the Weigles' into the tubes (oh I almost forgot put plenty of newspapers on the floor of the basement or garage.
4) Spray the Framesaver into the little holes on the stays and forks.
5) Rotate the frame and fork aroung to ensure complete coverage.
6) Wipe up the excess from the frame with the blue shop paper towels. You can spray a little WD-40 on the outside of the frame and this will help clean the Framesaver from the paint.
7) Allow the Weigles' to dry.
8) Wipe the threads with a rag wet with WD-40.
9) Reassemble the bike.
10) Go Riding in the Rain.
If you are planning on riding in the rain a lot then take the frame to a machinist and have a hole drilled in the bottom bracket to allow the water that will get in the frame to leak out. If you don't you will have water sitting in the BB and allow rust to form.