The concept of a transmission fluid exchange service has both its positives and negatives. When used in conjunction with an actual filter cleaning or replacement at every other service, a transmission fluid exchange, if done only with fluid (no additives), can be beneficial to a transmission. Instead, many transmission fluid exchanges are done by quick lube operators who hoped for this service to be a rapid profit maker as it requires minimal time and skill to complete. Sadly, quick lube operators recommend the transmission fluid exchange service, but neglect servicing the filter.
However, you generally need to pump through 1.5x the capacity of the transmission to adequately replace all of the old fluid. This is because a transmission fluid exchange is a rapid dilution of the old fluid, you need to run through more than the transmission's total fluid capacity, generally 1.5x the amount, to completely dilute most of the old fluid.
As a final note, I'd like to add that a transmission fluid exchange, when used in conjunction with periodic filter changes, is not mandatory for proper maintenance of a transmission. Draining the fluid every 30,000 miles (or 20,000 miles if you wish to be extra conservative) via either a pan removal, pan drain plug, or dipstick extraction, and refilling with fresh, good quality fluid, combined with a filter change at every other service (or 60,000 miles), will be more than enough for 95% of the transmissions on the road today.
For your transmission, draining the pan should remove about 5 quarts of fluid. The specified fluid is Dexron-III, so you have many fluid choices avaliable. I would stick with a mineral Dexron-III(H)/Mercon or Dexron-VI fluid and change the fluid every 20,000 miles and the filter every 60,000 miles. Pennzoil or Chevron Dexron-III(H)/Mercon fluids are a very good value and are obtainable from any local auto parts store for $2.50/qt or less. Full synthetic transmission fluids are not a bad idea, but given your financial situation and no known issues with this transmission, draining and refilling frequently with a good conventional fluid will be more than adequate.
[ May 25, 2006, 12:04 AM: Message edited by: The Critic ]