Parts Needed:
Oil Filter
One Crush Washer
5 Quarts of oil
Tools Needed:
4mm Allen Wrench or equivalent socket wrench
Socket Wrench with a 17mm Socket
Drain Pan (for the old oil)
Filter Wrench
Funnel
Sheet of Tin Foil
Paper towels
Torque Wrench if you’re anal
Here are a couple shots of the shop manual for your torque specs, etc:


Put your bike up on the center stand. You can put a piece of wood under the center stand if you want to get a little more height. It’s not necessary though.
Here we go.
Don't do this if the engine is hot, semi-warm OK, hot bad.
Take off the fill plug. Do this BEFORE draining any oil. It shouldn't be problem to get off and it's good practice to always take off fill plugs FIRST. The last thing you want is to drain everything and not be able to get that fooker off.
Take out the lower fastener on the left fairing: Horrible pic I know. It's the 4mm allen.
Be sure to keep track of your bolts they have a tendency to wander.
Wrap the lower fairing with tinfoil. This keeps the oil from getting all over then plastic parts.
Put your Drain Pan under the Drain Bolt.
With the 17mm socket loosen the drain bolt, then unscrew. The oil will come gushing out. Let it drain and clean off the bolt, removing the crush washer on the bolt.
Use the filter wrench to loosen the filter, and unscrew. Oil will drain from here too. This is where the tin foil comes in handy.
After the oil has drained clean off the surfaces where the drain bolt goes and the filter go.
Put the new crush washer on the bolt as in the picture above and screw back in. Be careful to seat the drain bolt so you don't cross thread the hole, that would suck. Torque to spec 31ft-lb. I usually just tighten it enough to crush the washer then a little. I've never had a problem. But do it your way. Be careful not to over-tighten.
Take the plastic off the filter, yes I said it.
Open your new oil and take a small dab of oil and put it on the O-ring. It helps the O-ring not bind. They seem to come with a little grease on them theses days but I still put a little oil on them. Just a touch.
Spin the filter on making sure to seat the threads properly. You can Torque it to 12ft-lb. I usually tighten it a quarter turn past just hand tight.
Funnel goes in the fill hole and add four quarts of oil, plus some from the 5th. The manual says 4.23qts with a filter change. Be sure to check the sight glass next to the filter. Don't overfill it. Watch for any leaks.
Put the fill plug back in, Start the engine and let it run for a minute, turn off and let sit for a few minutes. Double check the sight glass. It should be between the dots.
Take the tin foil off, clean up any oil, put the 4mm fastener back in the fairing, put all your crap away and you're done.