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A small amount of shavings is normal. That is why there is a magnet inside the pan to collect the shavings. A large amount or large pieces of metal is not normal and will require a professional to diagnosis. It it has run good and has not had shifting problems, or strange noises, then it is most likely fine. I just rebuilt my son's 4T60E transmission for that very problem. I found two sources of the metal shavings: The teeth on the reverse reaction drum (stove pipe) and the spyders for the differential in the final drive carrier were in the process of shelling out. Chuck Check to see if there is a recall on your transmission.

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Q: Why would there be metal shavings in the transmission pan of a 1994 Pontiac Bonnieville with the 4T60E transaxle?
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