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I believe thats an FMF rather than a Race inc, rare as!!Subtle differences, the gusset between the top and down tube are different, as is the gusset? behind the seat tube on the seat stays. This is much longer than race inc versions. Also the dropouts are not flat on the bottom. This is one rare beasty, post it up on vintage in the US they will be able to tell you exactly what it is and the age.As has been said already, dont paint it, find out the history first.
race-inc pro 78 the fmf didnt have a brake bridge