BMW: 89 525i e34 oil level warning, oil level, level sensor

Question
Josh - saw your earlier answer about the m20 oil level in an e30.  Is there an oil level sensor or float on the m20 in the e34?  I keep getting a warning message about a low oil level every time I turn her on or off.

Answer
Dave,
 Yes there is a sensor on the M20.  If you go to the driver's side (US models) and look down the side of the engine you can see a spot where the oil pan sticks out to the side about 6 inches.  On this little area there is a sensor that sits on top.  I haven't really had any problems with them going bad on my cars, but I suppose it's possible.  Make sure your oil level is correct.  If the oil gets 1/2 quart low it will make this light come on.

 Good luck,
 Josh