[Otter74]

The few details I can see suggest it's from the early 90s if the components are original. Short-reach brakes and tight clearances suggest it was designed for 700c x 25; not a touring bike, which would have had cantis, a longer rear triangle, more relaxed geometry and more tire clearance. Dropout eyelets were common even on bikes that otherwise didn't have any real accomodation for fenders. Probably a mid-range sport tourer. Can't tell who made the frame or what quality of tubing is used without more detail shots as suggested above.