For what it is worth, here is my oil change routine on my 01 Prizm LSI and 99 Corolla CE:
Every 3,000 - 4,000 miles I change the engine oil/filter and
remove the drain plug in the 4 speed automatic transmission(3.5 quarts ATF to refill). Draining the ATF adds a couple of minutes to the job. Every two years I change the automatic transmission screen.
Two days ago I changed the screen, with 216,000 miles, the inside of the transmission looks like new - bright and shiny, no discoloration and minimal metal flecks in the pan.
I also use a FilterMag
http://www.filtermag.com/products.php on my engine oil filter. I am considering adding the transmission magnet as well.
Cost of routine oil change:
4 quarts of Chevron Supreme 5W-30 motor oil from Kragen ($0.59 USD after rebate)
$2.36 USD
3.5 Quarts of Chevron Dextron III / Mercon ATF
$6.27 USD
Sales Tax 7.375 % Stanislaus County
$0.78 USD
Subtotal $11.41 USD
Toyota Oil Filter from
http://www.1sttoyotaparts.com/ $3.90 USD
Total $13.31 USD
A lot of guys invest in synthetic motor oil which is great, but transmission repairs are not cheap. If cost is a factor, use my approach and you will minimize the chances of needing transmission repair.