WARNING: This page is about a different car, the 2002 Volvo C70, 2001 Volvo C70, 2000 Volvo C70, 1999 Volvo C70, and 1998 Volvo C70. However, it is still accessible from the selected car via links, so may be relevant.
Fig 1: Identifying SRS Control Module
Courtesy of VOLVO CARS OF NORTH AMERICA.
NOTE:
Never install car accessories on or near the SRS control module.
The SRS control module is located between the parking brake and the gear selector lever in the center console.