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While the transmission filter on Volvo 240s doesn't really 'clog' it would be wise to drop the pan. The filter itself is more of a 'screen' rather than a filter, but it would be wise to inspect it for large trapped particles.
More importantly, the transmission pan tends to collect a lot of sediment as the transmission clutchs slowly wear. There is a magnet in the pan to collect these (very fine) metal particles, but it is significantly under-powered to do the job. You'll probably find a magnet that's completely covered in 'metalic sand' and then some sediments coating the bottom of the pan. These can be wiped out with a clean rag. Be sure to clean the magnet and re-install it.
The rubber transmission pan gasket is available at almost any parts store (Napa has a good one for about $3.25). They also sell a kit for $14 that includes both the rubber gasket and the filter.
If you wish to remove the filter for inspection/cleaning, there are 2 small gaskets that will need to be replaced when you do so (the filter is held off the transmission by a spacer block and this is why 2 filter gaskets are needed). These gaskets can not be ordered by themselves, except from a dealership, which will charge you about $4 each.
I am unsure if the filter gaskets are included with the Napa filter kit, I would assume so, but I don't know for sure. I've never purchased the 'kit' since the filter is usually just fine and it takes little effort to clean a metal screen. Be advised, the original filter gaskets were compressed felt and will probably break or crack when you remove them (should you decide to remove the filter).
Good luck and God bless,
Fitz Fitzgerald.
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'87 Blue 245, NA 214K
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