Pull the knob and rubber boot off of the transfer case range selector shaft. There should be a pair of wires as indicated.
Since the original T/C was an NP 208 there should also be a pair of wires connected to a lamp holder (208's have an illuminated range select display) - you can snip and insulate them because the 205 display doesn't take a lamp.
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If the wires have been cut - or the connector is different (the 208 has a different switch connector so it probably will be), here is the correct pigtail for a 205. Only $22!
http://www.quad4x4.com/cgi-bin/commerce.cgi?preadd=acton&key=90002
FYG - wiring diagram for the 205 4WD indication;
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The socket/lamp for the dash 4WD indication are not part of the PC board. The wires are run as a separate group and the socket/lamp assembly just twists out of the back of the panel. Usually in the far left bay, next to the choke light.
You might not have to change the bulb though. Considering how infrequently that lamp is illuminated, it's a good bet that it isn't burnt out.
BTW - consider yourself lucky that you have the switch that mounts on the T/C. As Mr. bucket advises, they are obsolete and are not easily found. Quad4X4 does sell them, but @ $122 - I'd check the junkyards first.