I would suspect white smoke as either coolant or trans fluid.
Monitoring the respective levels would show which was being consumed.
I'd suggest disconnecting the vacuum line to the trans modulator and see if that stops the smoke. Otherwise, it points to a coolant leak, which is more dire.
Jim
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14 E250 BlueTEC black. 45k miles
95 E320 Cabriolet Emerald green 66k miles
94 E320 Cabriolet Emerald green 152k miles
85 300TD 4 spd man, euro bumpers and lights, 15" Pentas dark blue 274k miles
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