I believe its was in the early or mid eighties. About a three bladed sword that shoots it blades. I don't recall any other description regarding the movie.any help is greatly appreciated

Hi Daddyg,
I believe the movie you are looking for is "The Sword and The Sorcerer" (1982):

http://www.scifilm.org/reviews/sorcerer.html

Hope this helps. Take care. :)