A composition useful as a lubricant for an automatic transmission comprises an oil of lubricating viscosity and a condensation product of an aromatic polycarboxylic acid or mixtures thereof or a reactive equivalent thereof, having at least two carboxylic groups situated so as to permit formation of a cyclic imide having 5 or 6 atoms in said cyclic structure; with an aliphatic primary amine or alcohol, containing 6 to 60 carbon atoms.