It's an Atlanta 60. The Atlanta was a very competitive model in the '80's. It has a pumped Hanno (rear exhaust - very powerful engine) with tuned pipe and full retracts. Very fun, very fast, and very slippery. This particular model is around 25 years old, still with the original paint job and monokote on the wing/stab. Fuselage is fiberglass and wings are sheeted foam (composite design, very light). The tuned pipe runs through the belly pan.

The Venus or Venus II are good entry level pattern aircraft, but I wouldn't buy one for a second airplane - and especially wouldn't buy a full blown competitive model for a while. It's nice to see beginners taking interest in the world of pattern. I firmly believe that I fly as good as I do today because of my pattern practice. Practicing for competition forces you to be disclipined and strive for absolute precision in everything you do, be it something as complex as a figure "M" with rolls or 'simple' as straight flight.