Thanks everyone for the encouraging words - the bike looks even sweeter in person - all it really needs is a good clean and polish to get rid of surface oxidation (not sure if the chain is salvageable). I'm also going to go over the various rotating surfaces and check for good lubrication.

Question 1: spokes appear to be dull metal - are they cad plated or simply in need of cleaning?
Question 2: what are opinions on the Avocet I saddle - back in the day they were well regarded but this one looks like a bit of a brick - are they comfortable?

From what I gather the Trek fans on the list love their bikes - I can't wait to try mine out as soon as the roads are rideable.

Mark

ps. Bill: it was tough enough getting this one into the house - luckily its beautiful but I still need to get rid of a couple of old outboards as part of the deal with my spouse!