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Yes M47 and M47II ...they changed the rear bearing to a tapered and changed the way the 5th gear hangs.
Take a look at the diagrams in the Green Book....
http://www.volvowiringdiagrams.com/?dir=volvo/-%20Service%20Manuals
pdf TP30941-1 M46, M47, M47II and Overdrives.pdf
PAGE 30 pic M47 M47II 5th gear
If the Owner let's you --- Drain the tranny into a white/light colored pan...get a cat litter pan from a pet store. Look (of course at the drainplug mag) but also for particles in the fluid...brass means the syncros are getting eaten. Some metallic shimmers is not a bad thing...choose your own alarm threashold.
If you buy it don't use ATF --- as per the manual. Use Redline MTL, Amsoil, Red Purple, or Volvo's Manual tranny fluid.. All are Synthetic 75W80 GL-4 Gear Oil.
This is now what Volvo sez it uses in all Manual trans up to 1995...good bye ATF.
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