karl,
I ran accross a page somewhere that had picutes of what to do along with instructions.
There is a fast idle air bypass. It causes a "controled vaccum leak" when cold to run the engine speed up. There is a wax pellet in this vavle similar to that in your thermostat. It does fail, and causes a high cold idle anywhere from 2500-3000 RPM, then can also cause the idle to fluctuate or bounce between 1000-2500 RPM as the engine reaches operating temp, then go normal.
There is a small cover on the front passenger side of the throttle body that is held on with 3 screws. If you remove them, there is a round hollow threaded assembly. You need a peice of rubber vaccum of fuel line that fits snuggly inside that. I can't remember where I got th line, but I just snipped a small peice right off the engine where I had some excess length and it fit perfectly. Also, a small bolt that fits snuggly inside the line and will fit inside the cover. I did this, and replaced the cover. The einge ALWAYS idled around 1,000+ RPM and was unredictable. Once I did this fired the Tracker up, it shot straight to 700RPM and held steady. I have since adjusted my idle speed to read 1,000 RPM when warm. It tends to idle around 750-800 when cold. Not too bad.
Here is one like to some instuctions on the fix:
http://bbs.zuwharrie.com/content/topic,22023.0.html