New timing belt and new accessory drive belt. The timing belt ran about $35 from go2marine.com and the acc. belt about $4 from your local auto parts store. Its a common belt between FORD, Chevy and Volvo....who would have thunk it??? I can't start to describe how good this motor is running now.

3/7/07 UPDATE What ever I did at this point worked so well, well, to put it this way, I uncovered the boat after 3 months, climbed in, gave it 2 throttles of gas, turned the key and crank! Thats after charging the batts for 24. I didn't fog the carb. I did pour Sea Foam in the tank so the gas was in good shape.