A high-performance outboard motor embodying a V-type four overhead camshaft four-cycle internal combustion engine. A compact cam driving arrangement is provided for driving the camshafts from the crankshaft of the engine at the upper end. A flywheel is mounted to the lower end of the crankshaft and is driven by a starter motor for starting of the engine. Another engine accessory is driven off the upper end of the crankshaft so as to maintain a compact and yet highly serviceable arrangement.