Originally Posted by scarlson

It isn't hard to put 700c wheels with a proper 8/9/10s freehub into a frame "designed" for 27" wheels. You could open up your search to the variety of fine '80s tourers, which also have the advantage of having cantilever brake braze-ons, allowing you to use cantilever or V-brakes, which require less effort of you to stop the bike than the old side-pulls and center-pulls. Many will say that they have a hard time using cantilever brakes on a frame that originally came with 27" wheels when they switch to 700c wheels, but I have done this to more than ten frames and never had any trouble. I use the Shimano cantilevers, all of which come with some sort of adjustment up and down for the pads.

Here is a fairly comprehensive list of '80s tourers, all of which should be able to take 700x32 tires WITH fenders. Many can take 700x38 tires with fenders!

Bridgestone RB-T
Bridgestone T-500
Bridgestone T-700
Centurion Pro Tour
Fuji Touring Series IV
Fuji Touring Series V
Fuji Saratoga
Kuwahara Caravan
Lotus Odyssey
Miyata 610
Miyata 1000
Nishiki Continental
Nishiki Cresta GT
Nishiki Riviera GT
Nishiki Seral
Novara Randonee
Panasonic PT-3500
Panasonic PT-5000
Panasonic Pro Touring
Panasonic Touring Deluxe
Raleigh Alyeska
Raleigh Kodiak (careful this one is also the name for a mountain bike)
Raleigh Portage
Raleigh Super Tourer
Raleigh Touring 18
Schwinn Paramount P15-9 Tourer
Schwinn Passage
Schwinn Voyageur/Voyageur SP
Shogun 2000
Specialized Expedition
Takara Overland
Trek 520
Trek 720
Univega Gran Turismo
Univega Specialissima