1-2 Shift Valve (318)
WARNING: This page does not describe the selected car, but rather 13 other vehicles, including the 2006 Saturn Relay, 2006 Pontiac Montana SV6, 2006 Pontiac Grand Prix, 2006 Pontiac G6, and 2006 Chevrolet Uplander. However, it is still accessible from the selected car via links, so may be relevant.
When shifted against spring force, allows braking to enter the braking-1st gear passage to the low regulator valve (313). During release of the 2nd clutch, exhausting 2nd fluid passes through the valve and enters the 3rd fluid passage.