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I have never messed with the Corolla transmissions, but my Camry did the same thing. ....... Not good.....
Try draining the transmission, and refill with a mixtyure of Lucas transmission conditioner and transmission fluid. Measure and mix them before you pour it in, or it will take you half-an-hour to get the Lucas into that small fill tube.
If that doesn't work, it is probably loosing pressure in one of the accumulators or clutch pistons, because of a broken "O" ring.
Rebuilding these transmissions is not hard if you have the Toyota workshop manual, are carefull and lay your parts out in order. There aren't any special tools required, that you can't work around.
A rebuild kit cost about $300.00 for the Camry, 4 years ago.
I don't know what the one for the Corolla costs, but I doubt it will be much less.
Compare the price of a rebuild kit to the price of a salvage yard transmission and see which way would be better.
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'88 Corolla, AE92 SR-5, 7A-FE swap/GT-S suspension
'87 Corolla, AE82 FX-16, 4A-GZE swap (autocrosser)
'03 Tundra 4X4 Access Cab, (FX tow vehicle/Home Depot runner)

Modification: Changing something to what you thought it should have been from the start!
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