Dealer only, even a Peake SRS reset tool does not work on your car.
That is why I have already imported into Japan about 100 sets of a reset tools from Germany which works on E30, E34, E32 and some other BMW models from built date 1987 - 2003.
http://www.fmw-onlineshop.de/large/schmnsbmwair+ne+.jpg
The SIR3 digital reset device functions with all BMW vehicles with a
round 20-pole BMW service socket up to year of construction 2003.
Not supported are models with reset via CAN-BUS I
3-series E30 1987 on
3-series E36 1990 - 1999
3-series E46 2000 on
5-series E34 1987 on
5-series E39 1995 on
7-series E32 1987 on
7-series E38 1995-2001
X5 E53 2000 on
Z3
Z8
Sedan, Touring, Convertible, Coupe , M-Tech
I just imported another 20 sets, sell like hot cake here in Japan.