I'd not do it without first seeing the BMW TIS for it.
But here are some pics:
RealOEM.com * BMW E70 X5 4.8i Transfer case, single parts ATC 700
Number 9?
and
RealOEM.com * BMW E70 X5 4.8i Final drive (front axle), parts, 4-wheel
Number 12.
I do get a kick out of the lablel, #15. Back in the day, a BMW could be expected to provide 200,000 miles of service. I want a BMW driveline engineer to look me in the eye and say "Yes, that fluid will last 250,000 miles and 20 years"
A