Here is what the Technical Bulletin Says, even though mine was built in May of 97, it still fixed the problem. The solenoid, is just a small thing with 2 wires on it, once you pull the Transmission pan and pull off the filter, you can EASILY remove it, it is the front solenoid closets to the front of the drivers side of the vehicle
Article No.
99-8-6
Lamp - O/D Transmission Lamp Flashing - Diagnostic Trouble Codes (DTCs)
P0741 And/Or P1740 - Vehicles Built From 10/1/1997 Through 1/31/1998
Transmission - 4R44E Or 5R55E - O/D
Lamp Flashing With Diagnostic Trouble Codes (DTCs) P0741 And/Or P1740 -
Vehicles Built From 10/1/1997 Through 1/31/1998
Publication Date: APRIL 20, 1999
LIGHT TRUCK:
1998 EXPLORER, MOUNTAINEER, RANGER
ISSUE:
A flashing Overdrive (O/D) light with Diagnostic Trouble Codes
(DTCs)
P0741 and/or P1740 may be evident. Torque
Converter Clutch (TCC) solenoid lot numbers 769 and 771 may have
damaged
crimping points on the pintle. This allows
the disc to move, causing the TCC solenoid to malfunction.
ACTION:
Perform normal diagnostics and inspect the TCC solenoid for lot
number
769 or 771, broken crimping points, movement of
the pintle and/or a broken TCC solenoid bracket. If any of these
concerns are present, replace the TCC solenoid. New
parts outside of lot number 769 or 771 do not have the crimping
point
damage concern. Refer to the following Service
Procedure for details.
SERVICE PROCEDURE
Some vehicles may exhibit an O/D light flashing with DTC P0741
and/or
P1740.
1.Perform normal diagnostics.
2.If the O/D light is flashing and DTC P0741 and/or P1740 is
present,
remove and inspect the TCC solenoid.
3.Inspect the following areas (refer to Figure 1):
a.Crimping points broken.
b.TCC solenoid bracket broken.
c.Lot numbers 769 or 771 present.
d.Pintle may be moved in and out.
4.If any of the above concern areas are present, replace the TCC
solenoid.
5.Erase the DTCs and verify the repair.
NOTE:
RETURN AFFECTED LOT NUMBERS 769 AND 771 THROUGH
THE
WARRANTY SYSTEM. PLEASE
FILL OUT THE WARRANTY TAG WITH THE CONCERN AND
TRANSMISSION TAG INFORMATION.
PART NUMBER
PART NAME
F77Z-7G136-AA
Torque Converter Clutch (TCC) Solenoid
OTHER APPLICABLE ARTICLES:
NONE
WARRANTY STATUS:
Eligible Under The Provisions Of Bumper To Bumper Warranty Coverage
And
Emissions Warranty Coverage
OPERATION
DESCRIPTION
TIME
990806A
Inspect And Replace Torque Converter Clutch (TCC)
Solenoid
0.9 Hr.
DEALER CODING
BASIC PART NO.
CONDITION CODE
7G136
61