As long as it is cin 3rd gear will operate normally all day long but when you put it in over drive it will shift through all the gears and engage over drive normally for about 90 seconds then it will slip as though it has been put in neutral.after that it goes into 2nd gear and stays in limp mode until the ignition is turned off. then it will repeat the process has codes 36 54 and 700
SOURCE: 94 Lebaron GTC 2nd gear limp in mode
It has an electical problem. You need to take it to the dealership if you want it diagnosed correctly. It will need to be in limp in, and don't turn the car off as this is clearing the code out of the computer. Leave it running, tell the service advisor your situation and not to turn it off till someone can hook the scan tool to it. This will give them the cause of limp in, and should be able to be resolved after.
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