Found this on another site. It worked on my E46 2002 Compact.
BMW 2001 to current Ignition Off (Position 0) Press and Hold the trip odometer button while turning key to position 1 (ACCESSORY) Keep the button depressed (about 5 secs.) until you see "Oil Service" or "Inspection" with "Reset" or "Re" in the display* Press the button again and hold for approx. 5 secs. until "Reset" or "Re" flashes While the display is flashing, briefly press the button again to reset the Service Interval. After the display has shown the new interval you should see "END SIA" for about 2 seconds Note: that if the "Reset" or "Re" does not flash, then you have not met the minimum consumption level and cannot reset
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