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This Identification Guide for Lionel Electric Trains covers the "Post-war Era" only from 1945 until 1969.
LIONEL TRAINS TRANSFORMER TYPE 1034
The Lionel 1034 Transformer was available from 1948 until 1954, it generated 75 Watts of power and has a built-in circuit breaker. The RED button controls the direction of the train. There are no variations.