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I know this is not what you want to her but I had the same problem and so I took it to a couple of shops and unfortunately what happens when that grommet goes bad your driving and it burns up your overdrive bands and you have to have the trans rebuilt I just had mine done and it cost about $1600.Now the guy told me that you can still drive the car just fine just don't put it in d with the circle (OVERDRIVE) and you'll be just fine unless it starts sounding like a vacuum then you have to park it hope this helps you as I had the same problem on mine and it is the same years as yours too.

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Q: Your 1990 Lincoln Mark VII won't go into overdrive you have already replaced the gromet which was told could be the problem?
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