In an internal combustion engine, first and second rotating members, one for the intake valve and one for the exhaust valve rotate next to the outside of an engine cylinder on opposite sides thereof when driven by a drive gear attached to the end of the engine's crankshaft. Each rotating member may include a ring gear having a valve port or aperture near its perimeter that cyclically aligns with a corresponding valve port formed through the cylinder wall near the top of the cylinder. A method of controlling valve timing comprises the steps of causing the rotating member containing the second valve port to periodically align in synchronism with the first port to control the passage of an air/fuel mixture and exhaust gases through the combustion cycles of the engine.