I've also got a project car in the works.  It's  a '65 Mustang convertible.  This one is going to be a resto-mod.  Body and interior will be basically stock, but under the hood will be a 5.0L backed by a 5-speed, both from an '87 GT.  This car has an interesting history.  It was originally a coupe.  That's right, a coupe. 

My 1965 Mustang was originally a very basic, no-frills coupe: 6-cylinder engine, 3-speed manual transmission, 13-inch wheels, and no backup lights.  It was originally delivered to the Dallas area, which explains one of its four options: factory air conditioning.  It's also equipped with a center console, AM radio, and antenna.  That's it. 

In the mid-1980's, this car was transplanted to western Pennsylvania.  Very solid and rust-free, the car was excellent restoration material until a winter mishap nearly destroyed it.  The car was stored in a barn, and during a particularly heavy snowfall, the barn roof collapsed, sending two beams crashing down on the roof of the Mustang.  As the picture above shows, the rest of the body survived with remarkably little damage. 

I had previously purchased two 1966 Mustang convertibles, hoping to combine both cars into a single, running convertible.  When the opportunity to purchase this rust-free '65, I jumped at the chance and immediately made plans to convert it into a ragtop, using the rustier of the two 66s as a donor car.

Through a contact in the local Mustang club, I learned of a complete 5.0L/5-speed combination that was available. I bought it, and intend to install it in this car, making it the best of both worlds: early-model styling with late-model performance and reliability.

Although the project is currently stalled (I haven't had time to work on it in quite some time), The car is currently completely dismantled and in primer, awaiting final preparations for paint.  I anticpate that I'll be able to get back to work on it soon.  Progress pictures are below.