Never thought this Moto would be such a B in identifying. This bike is in Belgium, and it's customary or was for the owner to have a decal with his name on it or the LBS's decal on the bike. So, the name Bailly is more likely an owners name as someone already mentioned. I can't help but point out that the paint scheme on this bike seems to have been used before the 80s. I've seen a 1979 catalog, as did Stronglight, showing a Gran Record with those same decals. I've also seen a 1977 Team Champion with the exact "paint" job and decals and headbadge as mine. Also, that Team Champion did not have braze-on cable guides. Here is a the link to that bike again.
http://www.wooljersey.com/gallery/v/...Team+Champion/

Also, this might be a long shot but what if the componets are not original to the bike? Since this bike was bought at a flea market by the guy who gave it to me, it could of been stripped of what came on it originally before ge bought it. I'm only saying this becasue it has a Campagnolo Record rear hub. Just saying since I've read that some Gran Records came with Campy components. I really appreciate you guys helping me out with this bike since I know/knew nothing about Motobecanes till I got this one. All that I've mentioned came by way of the internet and from what you guys have shared; Reason number one why I love this forum!