Thanks Henrik!
I basically understand what the intent is and from all the examples show the caps are mounted with equal lead lenghts which is where I became confused. (http://www.vagrearg.org/content/decoupling breadboard setup figure 4) Of course the ground will be connected directly to the ground pin of the I.C. It just seemed that with pulse widths indicating a frequency of 2.4 mhz that having parallel capacitor wires (caps on the 3.0 volt side and caps on the 5.0 volt side spaced about an inch apart and at a higher than ground potentials (3v and 5v) you would be inductively coupling the signals thus the need for a better understanding. Best, Ed