Looks like the tag and the third member is from a different time period (not the classic period we normally deal with) since the first line is not follow the W code pattern we normally see. Date code appears to back up the same issue.
Ford books show a number of applications where they built 3.50Ls with 28 spline but we don't know if this is one of them.
If its a loose third member you can count the spline - not an easy task. Or insert a 31 or 28 axle into the spline. If in a rear end - check the design on the end of the axle (at the brake drum) and report back or post a picture