I used to notice that odor on my old '98. 5 after every oil change. It would go away after about 500 or so miles. I used Penzoil 15W-40 in that truck. I asked my Dad about that odor (he was the Chief Mechanic at a Cummins Dealer). He told me that it was an additive in the oil that caused it and that when I stopped smelling the odor, the additive had done what it was designed to do. He never said what the additive was that caused the odor and he is the only one that ever told me that. I never did any research on my own about it, so I can't confirm that what Dad told was correct. I always attributed it to the fact that the vent tube on that engine was directly above one of the transmission cooling lines and when that line would get warm any oil that dripped on it would burn off causing the odor. If I recall that engine did not take a full 12 qt. of oil. I'd always put a full 12 qt. in it and to me, the odor going away after 500 miles was when the engine had finished blowing the excess out. Since I got my '03, I switched to Valvoline Premium Blue. Use it in my wife's '04 too and haven't noticed the smell on either one of them.