Ivaneroll, you rock.
That was an awesome posting. The pics help out a bunch.
And yes, I have the same problem: a leak from the bottom of the pump.
Slow and steady.
Just as you described, I'm going to have to remove the PS pump and tensioner simply to get to one bolt (!!!). 8 hour job for a $3 part....what a pain.
Thanks again.

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1987 300e W124 M103 My baby.