That ampersand... maybe it's modified?
Could be Pump, too:
http://myfonts.us/td-sAf5Fm Apart from the letter 'R' that doesn't perfectly match, it looks like ITC Handel Gothic with alternate letters 'N' and 'A'.
1980? This is, without a doubt, hand lettering.
Edit: That wasn't very helpful, so maybe you could take a look here for something with a similar vibe:
http://www.letterheadfonts.com/fonts/styles/scripts.php
There are a lot more foundries out there with similar hand lettered scripts but this place came first to my mind.
Edited on Oct 12, 2012 at 03:05 by fmontpetit
Bold (italic?) ιtirι manuellement.
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