40 TC Question

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What year of '40? If the TC came out of an older FJ-40 with a vacuum actuated transfer case, , it could be related to the 4WD actuation light.
 
My FJ-40 is a 1970 (build date of 07/69) as well. It originally had a three-speed shifter on the column, vacuum shift of the transfer case and a mechanical under dash shifter for low range. Pictures of your setup would be best.
 
How about that front drive indicator lamp switch?

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