There are no belts. Sounds like the torque converter or an internal seal blew and got ATF on the torque converter.
See if there is a local junk yard, shipping is a problem $$$. Look up www.erievovo.com and call them. They might have a good 1998, they back it up with a 1 year.
From what I can determine, the 1998 will work except for the speed signal wires, but then you will want to use the 1994 wire for that.
Ask the mechanic if is it is possible to replace the rear main seal with a good Volvo seal while the trany is off. Yes, I know, the flywheel has to come off for that, but he will be so close...
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