91_2600i
+1y
You need to make sure the that #1 is at top dead center at the top of the compression stroke and not the top of the exhaust stroke. Hopefully, you had it there before you removed the old one. But if you didn't, or you've turned the engine at all, then you're going to need to reference the little "v" notch on the harmonic balancer to know that you are at TDC of the compression stroke.
Once you've got that, then you can install the distributor. Here is a link to a good thread with some pics. I haven't read the whole thing lately, but I thing the guy asking was talking about an 89, while the Axel Breaker Earl was talking about 90-93 distributors. Skim down to the pictures and you will see the marks on the distributor shaft to align.
Once you've located the "v" notch in the balancer, you might want to put a tiny touch of light or white paint on it so you can see it when you try to adjust the timing. Go ahead and mark it now, even if you aren't going to try and fine tune it today.