I dont know what my Olds 88 had, it was a 90 with some kind of air ride. Little compressor under the hood that would run when the car was loaded. Toward the end of my ownership, it was running constantly :( It sported no badges however.
Between you posting this pic and Timothy posting his new PA pics...I'm going nuts here looking at all this classic H-body stuff.
Yep, Oldsmobiles actually have quite a few models that have the FE3 suspension that other cars could use. For the 2000+ Bonneville for example, the Aurora suspension is FE3 and shoudl be interchangeable.