The valve cover itself has a gasket going around the perimeter and also around the spark plug holes. Then you also have places on the ends of the camshafts that either have a half moon plug, a cam seal or a cam cap.
This is the cam cap:
http://www.ecstuning.com/Audi-B5_S4-...Gasket/ES3181/
I have no idea what is leaking on your engine but most of the time the leak is simply from the valve cover gasket and cam cap since these are the places that are lowest places on the heads. Take a look at some DIY to get an idea of what is where and hopefully that will clue you into what is leaking for you.
If you are getting a lot of smoke then it more likely is from the valve cover gasket and the cam cap since this leads to oil dripping onto exhaust manifold. If it is leaking but not making smoke and just getting the bottom of your engine oily then you may be looking at the cam tensioner seal and cam seals as a source of a leak.
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