Hi,

I have bought BMW 740IA E38 -95 and wondering if there is traction control or not?

I Don't have any kind of button but I have the Traction Control warning light in my meter table below of speed meter.

Light is not ON and doesn't blink.

Or is there somewhere FUSE where it can be disabled/enabled.

I'm almost sure your car does have traction control but I don't know how the button is labeled. My '93 740iL is wired so that if the light is ON it's warning you that the system is OFF, so yours is probably working fine. I believe you can download an owner's manual at www.e38.org.