The voltage on the transformer won't be an issue.  An 
 article on Wikipedia  states, "Standardized at 120 V. Electricity suppliers aim to keep most customers supplied between 114 and 126 V most of the time."  The house i grew up in read 115v at the wall outlet.  The one I live in now reads 125v at the wall outlet.
Frequency maybe a different issue however.  Some other members from Europe may have some insight on that.