Blocking the ports is a great idea.
Dump some oil down the spark plug holes or the intake ports.
Try to store it on a pallet or wood blocks if any chance of flooding.
Some people will go so far as to put the whole engine in a heavy
garbage/leaf bag and fog the motor with WD40 or other lubricant inside and
out.
If you have the fuel system installed, especially the injectors, you should
run some fuel stabilizer through to keep the injectors from seizing.

-----Original Message-----
From: Vanagon Mailing List [mailto:vanagon@gerry.vanagon.com] On Behalf Of
Stephen Cebula
Sent: Monday, March 22, 2010 7:59 AM
To: vanagon@GERRY.VANAGON.COM
Subject: Question about engine storage

I just pulled the engine out of my wrecked van and I was wondering if
anybody had any advice for long-term storage.� For now I just blocked off
all the ports and put the engine in my shed.�Thanks - Steve