Version with grooved ball bearing:
WARNING: This page is about a different car, the 2002 BMW M Roadster, 2002 BMW M Coupe, 2001 BMW M Roadster, and 2001 BMW M Coupe. However, it is still accessible from the selected car via links, so may be relevant.
Remove guide bearing with special tool 11 2 340.
Install new thrust bearing and drive firmly home with special tool 11 2 350 in conjunction with special tool 00 5 500.