Could I put in a 700R4?

[Chuck H]

Hi everyone,
I have an '88 gmc 1500 (One of the first of it's body style, technically it's an '87) two wheel drive single cab with the factory 305 ci V8 with the three speed hydramatic transmission. Yesterday, I loaned it to my brother who was moving his girlfreind out of her house. Huge mistake. He had it fully loaded while pulling a fully loaded trailer (After I told him not to tow with it) and burned up my transmission. I now have no reverse gear and first gear is very noisy. My question is, could I put a model 700R4 overdrive transmission in my truck without any strange alterations? If not, I have no problem putting in another hydramatic in, as it's been a decent transmission up until it's recent untimely death. Any helpful info greatly appreciated.