I bought this bike new back in 1994, on the strength of a review in 'Performance Cyclist' magazine (with Stephen Roche on the cover, in Carrera colours)
It had a few alterations before it left the shop
The Ultegra chainset was exchanged for a Campagnolo Chorus (53/39, & 172.5mm), as it looked far better, with the 'low-profile' cranks)
The stem & seat-pin were replaced with Ritchey items (12cm stem)
The saddle with a Sell-Italia 'Flite', the pedals were Look PP196 in matchin grey/blue (sad isn't it??)
But, the real alteration that marked it out as a mid-90's bike...... Scott 'Drop-Ins'
I think, with all the alterations, it cost me in the region of £1100!!
A not insignificant amount for a Raleigh at the time.
I still use it on an almost daily basis as my 'work-bike'/trainer, & bar the (non-existant) mudguard clearance, it's worked perfectly for all those years.
Click on pics to open/enlarge
With Salmon mud-guards, LED lights & SPDs
The Drop-Ins are still hanging in a corner of the garage
Richard A Thackeray
Featherstone Road Club
"Stop The Press!! Web-Site Up-Dated"!; 11th June 2009