Sounds like the direct clutch is toasted. Usually thats the cause of no 3rd gear. It's going to have to be rebuilt. The direct clutch sits on the output shaft, its about the first thing to go in during a rebuild.
96 Mustang GT 5spd. w/ 248A Option (GTS). Stock for now until I get the Roush on.
97 Thunderbird 4.6L LX /w Sport Package
24k B&M Cooler, 1" lowered, Steeda UD Pulleys, Dynomax cat-back, J-mod, 3.73's, PI intake, PI cams, 03 GT MAF/Tube, SCT tuned - Gone but not forgotten.
MAMN12 Drag Racing Team [email protected]
In need of updated times.