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This code can be caused by a sticking valve,bad solenoid,turbine or output erratic sensor readings.If the problem only occurs after trans is hot you should suspect a sticking valve or solenoid breaking down.It could also be a problem with chassis wiring if it is not temp related.
When this code is active while the trans is in a forward range it will shift to the previous range and lock up operation will be inhibited which may explain the overheat light coming on.
If I were you I would check the harness for anyplace that may be rubbing against the trans or frame area,maybe drain the fluid and remove the pan to check for possible debris(worse case ) If everything checks ok the solenoid P/N is 29533074- it is located on the right rear of the valve body.
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