Contact Ring
WARNING: This page is about a different car, the 2001 BMW M5, 2001 BMW 540i, 2001 BMW 530i, and 2001 BMW 525i. However, it is still accessible from the selected car via links, so may be relevant.
Ensure front wheels are in straight-ahead position. Press down spring clip lock in steering wheel hub center and hold clip lock down. See Fig 1. On bottom side of steering wheel, turn contact ring all the way either clockwise or counterclockwise until it stops. Turn contact ring back about 3 turns until arrows align. Release spring clip lock. Contact ring is now in center position.