Selector Lever Indicator Adjustment

Remove the lower steering column opening finish panel.
1. Remove the screw and position the parking brake release handle aside.
2. Remove the screw from the lower steering column opening finish panel.
3. Pull outward to release the retaining clips and remove the lower steering column opening finish panel.
  
  Fig 1: Identifying Lower Steering Column Opening Finish Panel Components
  Courtesy of FORD MOTOR CO.
Remove the 5 screws and the lower steering column opening finish panel reinforcement.

Fig 2: Locating Lower Steering Column Opening Finish Panel Reinforcement Screws
Courtesy of FORD MOTOR CO.
Rotate the selector lever clockwise until it bottoms out (1st gear), then rotate it counterclockwise 2 detents ((D) position).
Hang a 1.4 kg (3 lb) weight on the gearshift.
Rotate the thumbwheel to center the selector lever indicator in the middle of the (D) position.

Fig 3: Locating Thumbwheel
Courtesy of FORD MOTOR CO.
Remove the 1.4 kg (3 lb) weight.
Rotate the selector lever into each detent to verify that the selector lever indicator matches the selected range. Readjust, if necessary.
Install the lower steering column opening finish panel reinforcement.

Fig 4: Locating Lower Steering Column Opening Finish Panel Reinforcement Screws
Courtesy of FORD MOTOR CO.
Install the lower steering column opening finish panel and parking brake release handle.

Fig 5: Locating Lower Steering Column Opening Finish Panel And Parking Brake Release Handle
Courtesy of FORD MOTOR CO.