Abstract: A hydraulic control system for an automatic transmission, including a hydrualic pressure source, a hydrualic pressure regulator, a transmission mode selector, a shifting controller for automatically controlling shifting between transmission speeds in a given transmission mode, and a hydrualic pressure control mechanism for controlling quality and responsiveness of the shifting between transmission speeds. The hydrualic control system includes a fail safe valve for assuredly maintaining a certain transmission speed (such as third speed) when a transmission control unit (TCU) fails, or when a valve in the control system sticks or becomes inoperative.