An automatic transmission mechanism having multiple ratio gearing and clutch and brake elements operated by fluid pressure operated servos for changing speed ratio in the transmission and a controller for actuating and releasing the clutches and brakes in response to operating demands determined by sensed variables such as vehicle speed, engine torque, manual valve position, transmission turbine speed, and engine temperature, and means for achieving improved control of a synchronous downshift event by electronically regulating the exhaust pressure from an off-going friction element of the clutch and brake structure, thus controlling the torque-carrying capacity of that off-going element during the downshift interval.