Lou is correct that the frame is one of the 3Vs sold by Torelli and made by Mondonico, painted by me.
I'm assuming from the serial number that it was painted in 2003. It's looks like a Team 3V, and the lugs are definitely the one's Ted had cast.
Jim Allen the CycleSmiths Ranchita, CA 760 782 2737
To save some time, here's the direct link to the pictures: http://s987.photobucket.com/albums/ae360/JMCrate/Naked%20Masi%203V%20Frame/
> If those cable guides on the headtube are original, then I think your frame is from the late 90s or 2000s. Mondonico made many Masi frames for Torelli. I'm not saying this is a Mondonico frame, but I don't think it was made in the 1980s. Lou Deeter, Orlando FL USA