[Razorback1980]

Is it coming from the area of the overflow or from the middle of the engine dripping out the belt covers? If the water is coming from the waterpump, I would suggest that you make sure there is no hose from the belt covers to your airbox where the air filter is. Porsche put one on there to cool the belts but when the water pumps started leaking, they were sucking water into the air intake system....this will cause some idleing problems. If your water pump is leaking water, replace it immediately. If it completely fails, the timing belt may parish and put some valves into your pistons. This will be a very expensive repair bill if that happens. While you are doing the water pump, you should do the rollers, belts and possibly reseal the front of the motor. Lots of threads on that topic...so browse when you have a chance. If you need help, clarks-garage.com is a great resource for that.