Well thanks for helping guys..and the replies you 3 made got me back on track ( thinking and pin to pin troubleshooting) . Initially I went through Chevrolets diagnostic procedure using factory manual , scan-tool and their diagnostic logic. This TCSC 4WD (transfer Case Shift Control) system requires repair every 50 - 100k miles since conception. Which is why all the major $ replacement parts are remanufactured , which is where I got the hint about transistors going out. I am a former master tech and always had accurate results when I went through the system pin to pin, testing in/out circiuts of the control unit (module , PCM...etc) registering the DTC's.
The DTC CO508 and the factory manual was suggesting shift module for short/open motor control but actually anything in circuit that gives a short, open ,low or high will set code. That old thread that MikeMI posted link to refreshed my brain and I went back and performed a complete test which revealed the missing voltage signal.
my complete test results = confident with the replacement part purchase.
educated guess , recommended repairs , in-circuit component testing = probable higher cost and longer delays to complete repair.
Thanks for the input everyone ...and thanks for the Forum ELECTRO-TECH !!
pbr333