Did you put it in the tranny right??
It sounds Like speedometer cable might be Broke or the gear on it is mees up.
I think your cruise control might still work with the speedometer cable or your gear on the speedometer cable being broke.
Was it acting up at all before your new tranny?
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1988 LX 5.0
Drivetrain: 2.73 Stock Gears, World Class T-5, Lakewood Bellhousing, Summit Adjustable Cluch Quadrant & Cable, Alumminum Driveshaft, Flaming River Manual Steering Rack
Suspension: MAC Control Arms,Maximum Motorsports Front Grip Package, H&R Sport Spings, Bilstein Shocks
Engine: Steal Mounts, Ram air, K&N, Under Drive Pulles
Exhaust: 1 5/8 Un-Equal Length Mac Headers, X-pipe W\cats, Edelbrock cat\back
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