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1. press slightly on gas pedal w/ key off, maybe 1/4" or so of pedal.
2. Turn key on to where you hear fuel pump activate and the display light up. You should hear a metallic "clack" sound come from the throttle body area of the engine compartment. That s the IAC pintle cycling.
3. Start engine while holding the pedal in as described in #1, let off as son as engine starts and runs.
4. Let engine run 5 seconds then shut down.
5. Wait 10 seconds and the start the engine normally with foot OFF the gas pedal. Engine may crank a couple seconds longer than usual for this start up, that is normal right after the reset.
The method posted for resetting the IAC is the only one I've ever seen (whether it be for an L98, LT1 or a GM V6 for that matter - it's always the same). The only reasons to reset are if you replace it, or on those cars with a minimum idle adjustment, after you complete that adjustment. Post more specifics about what's going on with your Vette. How do you know it's running rich? If you've captured some scan data - post those #'s.