I went through it and adjusted everything and lubed it up. Haven't started the tear down yet. Just wanted to get a feel for how it rode and to give it a good road test to see what might be amiss. Both derailleurs worked great no missed shifts, brakes work but tend to squeal a bit. Bottom bracket turned smoothly with no signs of problems. Wheel bearings roll smooth. So it looks like it is going to be and easy rebuild, just tear down clean inspect, relube and reassemble. I plan on replacing all the cables and housings. Retape the bars and give the bike a good clean and derusting. The rims don't have much rust at all on them. But the chain guard in the bottom bracket is pretty rusty may need to either replace it or have it rechromed. All in all I really like this bike and plan to get many miles and years of enjoyment out of it. But I do still plan on getting a new model of road bike. Haven't decided which one yet. Got to get the Le Tour done first. Road bikes are a big switch for me as all I have been riding for the last number of years is mountain bikes. But I am finding I may be becoming a roadie