I was losing between a pint and a quart of fluid from the back of the th350 into the np205 on my 72 every 150 miles or so right after I bought it. Bought some Lucas Tranny stop leak, dumped it in, and it sealed it up pretty good. Still have to add a pint every thousand miles or so, but not near as bad as it was. First time I've ever used it, that was back in December, but I only drive it 50-100 miles a week or so.
I think the truck sat for a while before I bought it, that might have had something to do with it.
Edit: Probably a temporary solution, but since its just a weekend toy, I didn't see the point in spending the time or money to fix it right until I have to. Might last a while, might not, but it was only $7.