Transmission Fluid Chart (outdated)
IF THE IMAGE IS TOO SMALL, click it.
See also:
the most recent list on the Ford site.

Manual transmissions with no fluid indicated use 80W gear oil.
Before buying cheap aftermarket parts, check for
coupons & service offers from Ford.
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TSB 87-18-14: AUTOMATIC/MANUAL TRANSMISSION - NEW FLUID AND USAGE CHART
FORD: 1986 And Prior LTD 1988 And Prior ESCORT, TEMPO, MUSTANG, TAURUS, THUNDERBIRD, FORD
LINCOLN-MERCURY: 1986 And Prior CAPRI, MARQUIS 1987 And Prior LYNX 1988 And Prior TOPAZ, SABLE, COUGAR, MERCURY, MARK VII, CONTINENTAL, LINCOLN TOWN CAR
MERKUR: 1985-88 XR4Ti 1988 SCORPIO
LIGHT TRUCK: 1988 And Prior E SERIES, F SERIES, BRONCO, RANGER, BRONCO II, AEROSTAR
ISSUE: A new Transmission Fluid, MERCON (Ford Specification "MERCON") (XT-2- QDX, Quart), (XT-2-DDX, 55 Gallon Drum) is available for service. Use of the Motorcraft "MERCON" transmission fluid, where specified, will improve cold weather shift effort and synchronized operation.
ACTION: The chart on page 44 of this TSB gives transmission fluid applications for automatic transmissions and certain manual transmissions for Ford, Lincoln-Mercury, and Merkur vehicles.
NOTE: The use of MERCON is NOT RECOMMENDED for power steering systems. The manual transmission lubricant for the 1985 Merkur XR4Ti is a semi-synthetic oil. When adding oil to the transmission, use only E5RY-19C547-A (Ford Specification ESD-M2C175-A) or equivalent.
PART NUMBER PART NAME CLASS
XT-2-QDX MERCON - Quart . . . . . . . . . V
XT-2-DDX MERCON - 55 Gallon Drum . V
E5RY-19C547-A Semi-Synthetic Oil . . . .B
OTHER APPLICABLE ARTICLES: 82-9-9 Supersedes 85-1-15, 85-6-7
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1987 F-Series w/5-speed: Mercon(R) Automatic Transmission Fluid
Other: 80W EP
MANUAL TRANSMISSION CAPACITY, Refill:
3-speed: 3.5 Pint
4-speed Ranger, Bronco II: 3.0 Pint
Other 4-speed ex. OD: 7.0 Pint
W/OD: 4.5 Pint
1985-86 5-speed OD (Mazda) Aerostar, Ranger, Bronco II 3.6 Pint
1987 5-speed OD (Mazda) Aerostar, Ranger, Bronco II: 5.9 Pint
5-Speed OD (Mitsubishi) Ranger, Bronco II: 4.8 Pint
Other 5-sp. OD: 7.4 Pint
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THE DANGER OF CHANGING THE ATF
I'm no slushbox expert, but this is how I understand it:
A) Starting with a good trans & the right fluid, over time, debris is generated in the trans due to normal wear & contamination. The fluid contains detergent additives that keep this debris suspended in the fluid until it can flow back to the filter to be removed.
B) But the fluid only contains SO MUCH detergent. So if it's not changed on-schedule, the debris doesn't get suspended, and it settles out all over the trans. But this alone doesn't cause any immediate problems, which is why so many people neglect the trans fluid for so long.
C) Eventually, someone realizes how old the fluid is, and changes it with fresh detergent-rich fluid. This begins to break up the deposits, but it also loosens large chunks, which can block up the valve body's fine passages & ports, causing MAJOR damage.
D) From what I've seen, there are 2 possible ways to avoid this damage:
1) rebuild the trans
2) change the filter & fluid once, using decent aftermarket ATF. It's also a good time to add the drain plug kit. Then drive 50-200 miles to break up most of the deposits. Then change the fluid & filter again, using MotorCraft Mercon. If the trans goes out after that, it was going out anyway.