1994 Johnson/Evinrude Outboards 40 thru 55 Service Manual, Page 253Get this manual
27Using retaining ring pliers, install snap ring with beveled side of retaining ring facing outwardMake sure the retaining ring is seated in its grooveWear safety glasses and proceed with care to avoid unsnapping the ring from the pliers
28After assembly is complete, rotate driveshaft in bearing housingThe assembly should turn freely29Coat three new O-rings with OMC Adhesive sealant and install in grooves in the bearing housing