Re: Question about 5.0 mustang.
Sounds like it could be the throwout bearing, mine would whine when you accelerate but wasn't making any noise in neutral until later. And it was the throwout. Its about a $30 dollar part if you know the clutch disc is good. if not then replace the clutch, throwout, ect. Also check your fluid because it could be the tranny low on fluid.
Good luck.