Originally your set would have come with a Lionel 1016 or 1025 style transformer. That is enough to get the train moving and complete your set - that's about it. Fortunately, these are relatively inexpensive and easily found under the table at train shows and the good ol' type hobby shops. However, if you plan on expanding your single train empire with a few accessories and lighting, an RW, LW, or CW80 transformer would be a huge upgrade. However, these have their limits and if you have dreams of multi-train operation, illuminated and operating cars, switch tracks and such, than a classic KW or ZW may be of interest, but these are pricier options. Then there is diving in with both feet and getting something modern with command control capabilities such as the ZW-L, but it seems that would be extremely premature and even more out of your budget.
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