Wow! This has been a source of frustration for me everytime I run into an old Atom two slot freewheel. I agree that even with the correct tool, locked down with an axle nut, using a nice vise on a freewheel I've soaked with PB Blaster, it's still a roll of the dice whether the darn thing is going to come off before the slots peel back, ruining the freewheel. Thank you GTs58 for an alternative solution to a problem. I'd really like to see the Schwinn service manual page, if someone has it. I want to thank schwinnbikebobb for the picture of the tool I'm going to buy tomorrow!