Trek "Lance" ?
 

Ever heard of a Trek model "Lance"? Looks 80's-ish to me, don't have any specs on it yet.

Its likely a Trek 330 "Elance" named after the Shimano group it was built with.

Yup, was going to say, "No. have seen the "Lance" Logo, but you're right, has a bracket strategically placed to cover the "E"

+1 for it being an "Elance", but the Elance name had nothing to do with Shimano :) (are you thinking Exage?) The '86 330, for example, had Suntour components.

Yup, I was thinking the Exage components (don't ask me why I confused the two) because I had a 330 Elance for a short period that had them.

Elance 330 or 400
 

+1 on the Elance,

Trek made these in the mid-80s. I have an '86 Trek 400 Elance - came with Shimano Light Action Derailller and Shifters (6 speed indexed). Frame is Reynolds 531 with cro-moly stays and fork. However, several bikes of the period have similar frames.

It is a nice ride. The geometry is a little bit more relaxed that then straight out performance bikes. I think the 330 is similar with different components. I also think the 330 didn't have its cable routed through the chainstay (which seems cool until you have to put in a new cable).