Considering that this frameset is almost 45 years old, I would say that the condition is excellent.  There are some scatches on the forks and some of one of the seatstays.  The decals are original, and they are pretty chewed up.  I personaly prefer patinaed original to restorations, but that it up to you.  The fork, headset, and bottom bracket cups are included.  The dropouts are in particularly nice condition.  This is the only Pro Series I have ever owned that had the early 4 digit serial number, which is very cool.