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It's easy enough to tell if you have a 700R4 tranny- it's a 4 speed overdrive, compared to the TH350 and TH400, which are 3 speed trannies. This pic of the transmission indicator shows that it is a 3 speed
I wouldn't just go by gauge indicator. I had a overdrive indicator in my truck (and RPO codes stated 700r4), but someone changed it to a TH350 and the guy I bought it off of did not even know.