That's a great piece of starter equipment. I used to have one like it several years ago when I was relatively new to weightlifting. Even though I now think it is a bootleg piece of crap that I got rid of, it served its purpose back in the day. I just hope you didn't pay too much for it! I think I got mine used for 40 bucks or something. I'm sure the book will tell you what exercises you can do with it, assuming that it comes with a book.