Leaking transmission fluid?

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Stuart Gordon

During the past few times I inspected the engine (Universal 23 HP) I noticed some fluid on the pan under the engine. To me it looks like transmission fluid. The boat is a 1999. I am surprised by this. Any ideas on the most likely spot for the transmission to be leaking? Any suggestions would be appreciated. Stuart Gordon Sea Change, C-28, #630 Sgordon404@aol.com
 
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