Ok here's what my Haynes repair manual says.
1) The hydraulic system should be bled to remove all air whenever any part of the system has been removed or if the fluid level has fallen so low that air has been drawn into the master cylinder. The procedure is very similar to bleed a brake system.
2) Fill the master cylinder with new brake fluid conforming to DOT 3 specifications. Caution: Don’t re-use any of the fluid coming from the system during the bleeding operation. Also, don't use fluid which has been inside an open container for an extended period of time.
3) Raise the vehicle and place it securely on jack stands to gain access to the release cylinder(or bleeder screw), which is located on the side of the clutch housing.
4) Remove the dust cap which fits over the bleeder screw and push a length of plastic hose over the screw. Place the other end of the hose in a clear container with about two inches of brake fluid. The hose must be in the fluid at the bottom of the container.
5) Have an assistant depress the clutch pedal and hold it. Open the bleeder screw on the transmission, allowing fluid to flow through the hose. Close the bleeder screw when the flow of bubbles or old fluid ceases. Once closed, have your assistant release the clutch pedal. Note: The bleeder screw used on four cylinder models is on the right side of the transmission. The bleeder screw on six cylinder models is on the right side of the transmission, right above the fitting for the clutch hydraulic line.
6) Continue this process until all air is evacuated from the system, indicated by a solid stream of fluid being ejected from the bleeder screw each time with no air bubbles in the hose or container. Keep a close watch on the fluid level inside the master cylinder - if the level drops too low, air will be sucked back into the system and the process will have to be started all over again.
7) Lower the vehicle, top off the fluid level and check carefully for proper operation before placing the vehicle in normal service.
That's an exact copy of what’s in my book. Pretty detailed and has some pictures that I'm not going to post. I'd suggest going to Auto Zone or Advance Auto Parts and buying one of these bad boys. They're about 20 bucks but will save you thousands of dollars in the long run, assuming you put it to good use. Hope this helps if you need anything else let me know