Thanks for the advice. I do have a couple of questions though:

When I look at the inside of the trunk lid I can't see an easy way to get to the trouble spots. There are a couple of small holes but not complete access.

How would you suggest sealing the holes up once I am ready to put the badges back on? I assume that the moisture is getting in via the holes for the badges. Would new plastic sleeves do the trick or should I try something else? I want to stop the moisture from getting back in there for good.

I hate the idea of sanding and repainting any part on the car. i am afraid that I won't get it to look right or that the new paint will stick out. I searched and searched the internet for original paint colors and found this site:

http://www.paintscratch.com/

Any other ideas would be greatly appreciated.

mike