A method for monitoring a fixed-gear transmission includes deriving a node speed relationship for each of the planetary gear sets based upon a center distance and a gear ratio and determining equivalent speed parameters for nodes of the planetary gear sets based upon a transmission input speed state, an intermediate node speed state and a transmission output speed state. A clutch slip speed relationship is determined for each of the clutches based upon the node speed relationships for the planetary gear sets and the equivalent speed parameters for nodes of the planetary gear sets. Rotational speed sensors monitor the input transmission speed, the intermediate node speed and the transmission output speed. A clutch slip speed for each of the clutches is determined based upon the respective clutch slip speed relationship and the monitored input transmission speed, the monitored intermediate node speed and the monitored transmission output speed.