<VV> Tranny Help!!!!

[judynrandy at comcast.net]

I need a second opinion..... 

I recently became the proud owner of an original "65 Monza 4-dr w/110pg that only has 45,000 original miles on it.  It's in such good shape the brake drums have NO RIDGES WORN IN THEM!!!!  Anyway it was driven home from 4 miles away on the e-brake, at night.  It ran and shifted fine.  I, for the last month or so have moved it around the drive a few times, with no  problems rebuilt carbs wouldn't fix.  

   I finally got to start work on it to make it roadworthy.  When I drained the pg fluid, and removed the pan, I got a real surprise.  The fluid wasn't red, but rather this funky gray color.  It even had a "sweet" smell to it, as opposed to a nasty smell from a fried unit.  Nothing in the pan.     

          Now, this is where I need the help.....If it doesn't appear fried in any way, and ran and shifted fine, then where did the funky gray fluid come from?   

A friend said it looked like gear oil got mixed in.    One guess is the trans/diff gasket blew.  A second guess is the torque converter seal blew.  Are there any other seals or gaskets to check?   Any thoughts and opinions would be greatly appreciated.  Thanks 



Randy (Cap'n) Hook 

63 monza ragtop 84/pg * 65 monza 4dr 110/pg