what is a pressure control solenoid "B" on a 2001 330i bmw?

Jamie

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i have a 2001 bmw 330i and got a code p0967 i was told that is was A PRESSURE CONTROL SOLENOID B CONTROL CIRCUIT HIGH. i dont know what that is. is that the part name? if so where is located, how much are they, etc. i assume it has something to do with the transmission because it seems to skip 1 and 2nd gear.
 
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