If mylar is the yellow ones mines probably polyester, or kapton? Mine looked similar to the ones pictured here (not mine):
http://wiki.faust3d.com/wiki/images/8/83/Aiwa_HP-500_7.jpg
My tip is to take your time and bring the diaphragm up in temperature nice and slow, and to heat it evenly over the entire surface. If you hold the heater gun too close you will probably burn a big whole in a couple of seconds. Keep a safe distance so the heat gets distributed evenly over the entire surface. I probably held the heater gun a good 20-25 cm / seven inches or more away from the diaphragm, and that was more than close enough to do the job.
But be aware. The diaphragm won`t tighten before it cools of, and its probably very easy to overheat and making it too tight, witch will result in permanent damage. It is better to heat it in a few small steps, and wait to see the effect before you keep on going any further. Try to blow on it to see if there are any movement in the diaphragm. If its no longer movement when you blow, it is probably tightened enough.
I have never done anything like this before, but it is incredibly easy to do successfully if you are careful.
I have allready got the damping recipe from Kabeer (thanks Kabeer) and tried to implement the same changes to my set. With a few additional changes, new earpads etc. they became very good.