* 5.0L (305 cubic inch) V8: This engine was typically paired with a 3-speed automatic transmission. This was the base engine and transmission combination.
* 5.7L (350 cubic inch) V8: This larger V8 could be paired with either a 3-speed automatic or a 4-speed automatic transmission, depending on the specific options selected.
There's no single answer without knowing the specific options of the particular 1988 Caprice Estate wagon you're interested in. To determine the exact engine and transmission, you'd need to check the vehicle's documentation (like the owner's manual or a build sheet if available), or look for the engine and transmission codes on the vehicle itself (usually on a sticker or plate under the hood).