Well, it looks like your friend was right...check out
http://www.svt.ford.com/cobra2001_specs.html
It says Tremec TR3650 5-spd
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T-Bones 1997 Cobra
Wht/blk, Pro 5.0,FRPP 4.10's, aluminum driveshaft, FRPP throttle body, C&L 80mm MAF, K&N, Steeda U/D pulleys, Steeda timing adjuster, Flowmasters, s/f connectors, FRPP pro springs, BBK caster/cambers.