1990 5.0 with AOD, driving along at 75 when all of a sudden the RPMs change and the speed drops. Smoke starts pouring out from under and smells like burning rubber and trans fluid. Tool along the breakdown lane at 10 mph and the smoke stops, we're now able to drive home at 60 mph without incident. I turn on my road and the car doesn't want to shift out of first. I only have to go a mile so 15-20 mph is just fine and halfway down the road it up shifts and drives fine. Now it's parked and there's no puddle underneath.