Abstract: A transmission including a torque converter to transfer power from a driving engine to a driven device through a series of fluidly-activated clutches, particularly for use with industrial applications. By using a self-contained fluid system to engage the clutch at the idle speed of the driving engine, the transmission is provided with a positive neutral feature. The transmission is adaptable to all industrial engine housings. Additional optional features of the transmission include an auxiliary drive, a reverse and single or additional forward gears, and a fluid cooler. The transmission further includes a transmission output shaft supported by a bearing assembly that may be designed for side loading. The transmission provides the benefits of increased performance in torque demanding applications, self-lubricating features that eliminate grease fittings, load dampening, an auxiliary drive, and a throttle/clutch engagement system that eliminates clutch damage caused by improper high speed engagement.