Thanks everyone. I am working on getting the transmission to shift into reverse. The previous owner said when he brought it in from sailing it wouldn't shift into reverse and he never took it out again. Today after work I wanted to see if it was the cable that was not allowing it to shift. I unhooked the cable from the transmission and tried the shifter. Well the shifter and cable worked fine along with the motor speed cable. I tried to move the shifting lever on the transmission and no go. It was locked up. By the way its the original Volvo MD11c and MV transmission. So I sprayed some penetrating oil on the lever and tapped it lightly with the hammer. It was stuck in forward but slowly started to move. The shifter was rusted to the housing. I was able to get it to move into reverse and forward with a little effort but not smooth enough for the cable to be able to move it. I sprayed more lube on it and waited. While I was waiting I looked up and saw the engine hour meter. I saw 456 hours....wait that is 45.6 hours. What!!! Can't be. I traced the wires down and they were connected to the sender, SWEET...But do I beleive it? I did notice yesterday the oil was really clear, but the filter was old. So it might be true. Shortly a marina neibor comes buy and says he saw me taking off the wet muffler yesterday, so he assumed I was working on the motor. He says that he never saw the boat move or start the engine for at least several years, at least as long as he had been there. Mmmmm...maybe it does only have 45.6 hours. He said the previous owners just lived aboad and never took it from the dock. Nice! With Bud doing the survey and telling me that it appears to never been sailed hard, I think it really wasn't sailed very much at all. The engine did start easily during the survey. So far Nellie Jo (use to be Misty Blue) is turning out to be a sweet heart. But lets hold the applause until I can get it all back together and see if the transmission does work. All indicators say YES to me!
OK, so where is spell check in the forum? I NEED it! Really someone help me!