The formed-in-place gasket concept consists of using a paste-type liquid silicone RTV (room temperature vulcanizing rubber) applied to the flange area of the components to be sealed and having the flanges squeeze out and form the liquid gasket on assembly. This system offers several advantages over the conventional precut or preformed gaskets. This system can replace all the static gaskets on a drive train (except head and manifold) and perform as well or better than the gaskets it replaces. Material cost can be reduced as can handling costs when the RTV is automatically applied.