Thanks all for the responses. >Don't know how else tranny fluid could get on the manifold except the >trans cooler lines. >Rob Well Rob, it turns out you were right. The cooler hoses are routed on top of the left fender well and then down to the lower radiator. I could not see any leak from there at first, but I could see the red fluid on the pavement. At some point, I put the tranny in reverse (against an incline) and then I could see the fluid pouting from one of the hoses (could not see the leak in neutral, apparently there is no flow/pressure). Its a real old hose, and the high heat just killed it off. Fortunately, it did not start leaking till after the high speed run. What I thought was P/S fluid, it was transmission fluid all along. Later, the transmission cooled down, so it stopped spraying, but the leak continued. So, all I have to do is replace that hose, and the lost fluid. That will fix my problem. I definitely need a transmission cooler, just like on my other 68. >I thought that was the wrong trans fluid for use in torqueflites because >of "slipping" agents for GM transmissions???? Well, sorry, I meant Dextron III, not II. Don't know nothing about these "secret" agents though. >You may have a vacuum modulator valve on the trans.. if the diaphragm on >the modulator is leaking, trans fluid will be sucked into the intake >manifold and burned. That could have been another good possibility. However, to the best of my knowledge, the Torquflite does not use vacuum for shifting control. Am I right? Another interesting note. While messing with the hoses trying to figure out my leak (on a dark covered shelter trying to stay dry, its been raining most of the day here), I accidentally touched the fan of the running 440 with my finger. I was lucky though, no damage. Did not even cause any pain. I was surprised. Lets try to be careful! D^2