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700r4 transmissions do not have a "drain plug" so the only way to drain the fluid is to remove transmission oil pan. This pan is located on the bottom of the transmission secured by twenty or so 10mm bolts. You will need a new gasket and seven quarts of GM approved automatic Transmission Fluid. While you are there,you may as well replace the transmission filter as well.The filter "kit" comes with a new gasket and can be purchased for around twenty dollars at any auto parts store.

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