RobbinsJ,
You need to include some info on your truck to help get more accurate answers.
On my 98 12V I had the seal fail between the vacuum pump and the power steering pump (common drive). The seal is somewhat hidden but I have replaced mine twice over a 7 year period (about 70,000m on each of them).
The seal cost about $4. 70 and takes about 1. 5 hours to exchange.
I would suggest a thorough cleaning of the area with engine cleaner, let it dry and then start and watch from below at the connection between the vac. pump and the pwr steering pump to verify the source.
Just my . 02,
HP