Thanks Ice... my initial plan was to leave it inside and place it in the area of the breech to help light the Crossman Glow BBs, but they are red LED's and don't power the glow BBs very much, if at all so I was going to just scrap the LED.
Maybe before I put it back together I'll check a Radio Shack or something and see if I can find a white LED to replace the stock one and still do that.