GM gave its engineers free reign to "hot rod" the LT1 for 1996. This high performance 350 would hopefully fill in the gap between the LT5 and the LS1. GM also created two special versions of the 1996 Vette, namely the Grand Sport (1,000 Admiral Blue/white stripe were built, all of which were LT4- equipped) and the Collector Edition (5,412 Sebring Silver were built, 2,009 of which were LT4-equipped). However, all 1996 Corvettes with manual transmissions were produced with the LT4, while the automatics were only produced with the LT1.
Got this from a Vette info site. Ive seen that info before.
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if it's cheap & reliable, it ain't fast, if it's fast & cheap, it ain't reliable, if it's fast & reliable, it ain't cheap