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@hippy
The sticker says 553.
There's also bike matching the one above "Peugeot Performance 5000" that also mentions 553 tubing from some guy in Queensland: http://groups.google.co.uk/group/uq.forsale/browse_thread/thread/6b58011b6bd79816/961f2626fc244a3e?hl=en&ie=UTF-8&q=Peugeot+Performance+5000+553+reynolds&pli=1
Mention of a cheapish Richard Virenque replica bike here: http://groups.google.co.uk/group/rec.bicycles.racing/browse_thread/thread/4ea59e096ca567f/68fb5eaa68b87f4b?hl=en&ie=UTF-8&q=Peugeot+553+reynolds#68fb5eaa68b87f4b
1997 bike details - Peugeot Performance 5000: http://dalco.de/bikes/peugeot/1997/performance_pe_5000/komplettbike/
http://www.bikeradar.com/forums/viewtopic.php?t=12604300&sid=808430da9f9bec5674d1826062ccb22e
"I come d' to go to see on my old Peugeot and c' is a Reynolds 553 whom I have, that dates and c' is heavy (but reliable however)" Babelfish version of:
http://www.velotrainer.net/f_showthread.php?tid=11154&start=2