By software, I meant Firmware. I hope I didn't confuse you with my terminology.
Go here to Canon USA's site:
Canon EOS 5D Digital SLR
If the link doesn't work, go to the support for your 5D and find
Drivers and Downloads.
Just follow Canon's directions as given on its site. You might even wish to print them out before you launch the firmware update process.
The current version of software/Firmware is: Details - EOS 5D Firmware Update Ver. 1.1.1 (release date: 3/18/2008)
If you haven't updated your Firmware ever before, it's no big deal. Again, follow the directions given by Canon.
In hand waving terms, download software to computer. Unzip software. Put software on a card in the root directory. Make sure your batteries are well charged. Put card in camera and then invoke the camera's command to update the firmware and (don't touch anything while this firmware upgrade is taking place...a couple / few minutes).
The very first time I did upgraded my firmware, I was apprehensive. After that, it was as easy as it gets.
Just follow the directions and make sure that your batteries are charged.
Good luck!