97 3.8 V-6 Problem

[Steve Cihasky]

I have a 97 3.8 in a T-bird 85k miles. I bought the car used. A squeek sound is comming from the front of the engine. Sounded like a belt/pully noise. I removed the belt and the sound remains although the sound is less. I opened the front end of the engine down to the timing chain and I don't see any reason for the squeek. Almost sounds like a metal to metal rub.
There is an oil leak around the timing chain cover/crank shaft seal. The PO may have driven the car while low on oil. I don't know the history of the motor.
I would appreciate any comments, don't want to reassemble until I solve the problem.
Thanks
Follow-up:
I tried turning the distributer shaft and noticed a squeek. Can the noise be coming from the distributer or does it squeek just because it is not on the engine?

[J.W.]

on my 96 t-bird it was making the same noise, the dealer replaced the distributor shaft, that fixed the squeak, I got my old one back and sure enough, in my hand and twisting it , it squeaked, I shot the wd40 to it and it stopped