Waterpump is the main thing that I know of...I'm sure others may chime in with their thoughts. You may check the "Problems" forum for other issues people have had.
1998 T-Red CSVT (1492 of 6535) Born on 5/30/97 KKM 4.6L TB with custom "Throttle Optimizer" Bassani Exhaust NP-Tuning Sniper Intake Pipe Fog Light Mod with 885's Clear Corners Stereo - Oh Yeah!
1999's, like 2000's, are subject to the dashboard warpage recall, #01B78. Your friend should ask if the work has already been done, because Ford will do the repair under warranty only through August of this year.
2000 Contour SE Sport T-Red MTX, Mystique rear dome light, Blau Florida cd.
