Last week I went out to my local yellow bike and was looking in the junk bike dumpster, usually Wal Mart type bikes end up there. I spied a red frame that looked to be the right size and pulled it out. It was a Schwinn Peloton complete except for wheels. I volunteer there so I get my pick of frames I want in exchange.
I replaced the brake cables and bartape, put a set of French made Schwinn approved wheels on it from my parts pile. I also put a longer cage deraileur on it to handle a six speed 13/28 free wheel as the chain rings are 53/45 which is pretty steep for where I live.
Everything else on it is original. Turns out to be a 1984 model.
Took it out for a 12 mile shakedown it rides great.