I think it's time someone do this, I had to search quite a bit to find replacement bushings. Colt/mirage GT turbo sway bar bushings are non existent according to every parts store around me. After searching, I found a thread that stated you can use bushings from a 94 Hyundai Elantra. They listed the part number on this thread as an autozone part, #FA7505. I had Napa cross this number to get my bushings.
1) safely raise your car up on jackstands.
2) remove both front wheels.
3)I chose to replace my bushings with out disconnecting the links. Using a 12mm short 3/8 socket, 2-3 inch extension and ratchet, remove the bolts holding the sway bar bushing brackets in. There are two brackets per side, top and bottom. Pay close attention to the orientation of them as they do have a top and bottom end to them. Here the top of them is up in the pic.
Here is my new bushing vs what is left of my old one.
You can see the alignment nibs and the holes they belong to in this pic:
4) insert the alignment nibs into the holes in the bracket, I used a needle nose pliers to stretch/pull them through.
5) once these are all attached, I turned the bottom bracket 90 degrees to the top one so I could spread the bushing to stretch it over the bar.
Here you see it over the bar:
6) then turn the lower bracket back inline with the upper. Again, make sure you pay attention to the orientation of eah bracket. They do have upper and lower bolt holes so that the bushing is captured properly.
7) start the lower bolt first. Just a few threads will do. Then use a pry bar against the axle shaft to push the upper bracket down so you can start the upper bolt.
leave these bolts loose and do the same as above to the bushing on the opposite side of the car. This will leave you some play to make easier on yourself when you install the other side. 
9) tighten all 4 bolts once they are all started.
Additional notes: my new bushings were lined with Kevlar type material. I still opted to grease the bushings anyway, it can't hurt.
I guess the primary reason for this thread to get the info out there what part numbers and bushings work on our turbo cars and that they do fit. I hope this helps others out there.
