Billy (or Willy?),
Two steps to adjust a GT's clutch:
1) Get under the car, and adjust the clutch release arm pivot bolt (called the "ball stud" in the FSM), which is on the passenger side of the bell housing (this is a square-headed bolt held "locked" by a big outer nut) so that the distance between the clutch arm and the front edge of the bell housing is 4 1/4 inches, when the arm is pushed lightly forward (stretching the spring that pulls the arm rear-wards) as the release bearing is pressed against the pressure plate. Adjust by turning the bolt in (clockwise from rear) to increase the distance, CCW to decrease the distance. It should start by sticking out about 3/4 inch from the bell-housing, and as the driven disc wears, it should be screwed in over time. Tighten the locknut.
2) THEN, set the C clip (same as an e-clip) in whatever slot that gives you 3/4 to 1 1/4 inch of free play in the clutch pedal (you will see a gentle pressure only, provided by the spring that holds the release arm and bearing AWAY from the pressure plate). This should NEVER be changed, unless you replace the clutch cable.
Then, for good measure, back up the first C-clip with another one, and some folks (OK, me) even back THAT up with a small hose clamp behind both C-clips.
I have attached the FSM diagram and that shows what I mean. And I also have attached a photo of a neat fabricated backup clamp that I saw at Tacoma this summer (thanks to Gale Schmidt).