Like this?
http://www.youtube.com/watch?v=dtjf6aXfm_Y
does that car have a metal u-joint? My autobox 540 has one at the back of the front half. A dry u-joint will make high pitched noises and oscillates as the bearing speed changes with each revolution.
Look for signs of rust around the seals on the caps, if so it's toast.
http://www.powertrainindustries.com/