Sounds like you have the cruisomatic which is NOT a dual range transmission. These transmissions were used on cars other than Thunderbirds. The indicator should read: P R N D 2 1. Cars with these transmissions provided a stop detent at D. Thunderbird did not. In the "1" position, you are in low. In the "2" position you are in second. In the "D" position you shift first, second and third gears.
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Fordman
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