A hydraulic control system includes a primary sump and an auxiliary sump. When the transmission fluid is warm, fluid remains in the auxiliary sump reducing the volume of oil in circulation throughout the transmission to reduce parasitic losses. An oil control valve is designed to block flow of oil from the auxiliary sump to the primary sump when the fluid is warm and to allow flow when the fluid is cold. The oil control valve also responds to transmission line pressure. At moderate temperatures, fluid is held in the auxiliary sump when the engine is running but drains back to the primary sump when the engine is off.