watch this video:
http://www.youtube.com/watch?v=BgIzn2neiuY
the video is very well done and very clear. It will teach you how to adjust your valve lash, for both hydraulic and solid cams.
I could go into further detail on how to set your lash, but first you need to find out what kind of cam you have. To do this, you can...
the way I DON'T recommend:
pull off your valve cover, undo the rocker arm, and pull out the pushrod. Then, WITH A FLASH LIGHT, take a magnet and fish into the cam valley and pull out the lifter. It should look like one of these:
hydraulic lifter: notice the little oiling hole
solid lifter: looks pretty much the same, except the pushrod seat is solid, you will not see any clips or moving parts, it is simply a concave bowl
you may have roller lifters, in which case it will look like either of those lifters with a little wheel on it.
the way I recommend:
adjust the lash as it is, and wait and see if it loosens up again after a year.
Chances are, you have a normal hydraulic cam. Solid cams went almost extinct back in the 70s and are now only used for race or heavy street applications. My engine has a solid cam, and since I did not build it, I did not know this until I blew some lifters and pushrods at the strip because they were loose.