No, in the W124 there is NO additional light to tell you in what gear you are in. Although, W140s do have the additional light (which is very useful).

In the W124 mostly you are expected to "feel" where the shift lever is located at the shift gate and assume its position.

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A. Rosich
CL 500, 1998
S 500 L, 1998
E 320 T, 1995 [Sadly sold ]