1960's Olmo Professional I believe. Purchased already powder coated purple, with very faded Olmo badge. Nothing to do but make it Kustom with shiny parts.
Maybe a 5 speed set-up in the future.
http://picasaweb.google.com/
also 1960's Cinelli - I call it Pista-Strada. Pista frame with cantilevers and derailleur hanger. Prior owner did this in the late 1960's and chromed the frame. Oooh boy!
Now set up as a 5 speed with period components.
http://picasaweb.google.com/
John Siemsen
Portland, Oregon