Glad to hear you've gotten your sammie, I am sure you would enjoy it--
For the retaining ring, as said, is kept behind the sammie(in front of two batteries) in the body tube to keep sammie from falling out. To place the oring behind the sammie, I myself usually would slide the sammie in first, then oring, then 2 batteries(negative side in first)to push the oring all the way in behind the sammie.
The other two rings, one(O ring 16) is placed within the other(O ring 18) behind the glass/lens, and the IMS 17 reflector is to be placed behind the O ring 16.
You could find a detailed explination from Wayne's old page
here
For myself, I actually found that I could centered the IMS 17 just fine without the O ring 16. Instead, I place the o ring 16 'behind' the reflector, sitting on a rim inside the bezel head just to keep it from moving around. YMMV. /ubbthreads/images/graemlins/smile.gif