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To apply a fuel economy performance to AT&CVT fluid for common use (hereinafter AT/CVT fluid) and manual transmission fluid, by optimizing fluid viscosity, a fundamental study was investigated. Generally, it is well known that the viscosity of polymer-added transmission fluids is gradually reduced, due to deterioration of the viscosity index improver caused by shear stress. An excessive viscosity reduction causes an operation failure or damage to the transmission. Considering above factor, the authors focused attention on the potential of a low viscosity formulation to improve fuel efficiency by reducing an internal stirring-resistance of the transmission. Also from the viewpoint of friction characteristics, the performance of a base oil was studied. Utilizing the EHL (Elast-Hydrodynamic Lubrication) tester [1] and vehicle tests, the performance of base oils was evaluated for the fluid development.