Deciphering what you wrote .. it sounds like you're looking at the tensioner pulley. The easiest way to find the squeak is to remove the belt and spin each pulley by hand .. if anything spins rough or squeaks, it's a sure bet you've found the problem.
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'98 T-5, 3.8 .. Ebay CAI, 25% 2 pulley UDP, 1.8 roller rockers 19 lph inj's, Xcal2, Reworked-ported upper intake, Full emissions delete, Dual 2.5" exhaust,2" drop Future mods:4.2 stroker kit, Locker diff w/3.73's, 18" Bullit wheels
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