It doesn't slip all the time per say, but I know it's slipping by the "signs" of a slipping torque converter clutch.
1. When I'm driving around town, with steady throttle pressure, the rpms will drop when it shifts into 3rd gear, but then suddenly jumps for a few seconds and then shifts into gear. Again, this is with steady throttle pressure, and no SES light, no intake or exhuast leaks....nothing. It has to be the torque converter clutch, at least this is my only guess. I'm planning on getting a guy I know hook a scan tool up to it, and see what happens on the road test. He can read if its slipping.
2. When I romp it, and the car goes from 1-2 gear, I notice the pull through second gear is lacking in pull and power. I'm not saying this alone concludes that it's the converter, but I know my car well enough to know when it's not producing all of its power, or getting it all to the wheels.