Abstract: An improved change speed planetary transmission (100) of the type utilizing planetary gearing (102) to drivingly connect an input shaft (12) to an output shaft (14) is provided. The planetary gearing includes a sun gear (104) fixed for rotation with the input shaft, planet gears (110) constantly meshed with the sun gear and rotationally supported on planet gear shafts (114) carried by a planet carrier (116) fixed for rotation with the output shaft and a ring gear (120) constantly meshed with the planet gears. The ring gear is selectively axially moveable relative to the transmission housing (18) and the sun gear and planet gears to a first position for positive engagement with a clutch member (134) fixed for rotation with the housing to provide an indirect ratio mode of operation and to a second axial position for positive engagement with a clutch member (126) fixed to the sun gear to provide a direct ratio mode of operation. In the direct ratio mode of operation of the transmission, the forces (2F.sub.