In Reply to: Shouldn't be a problem but you'll have a 6-speed posted by Old M3 Driver on January 29, 2001 at 19:55:58:
emblem which is fine if you have a 6 speed tranny. If not, then you'll need to find the 5 speed emblem but here's the catch. if you don't mind an unilluminated emblem then you can get the normal 5-speed emblem (about $10) and replace it. But if you want the 5-speed to illuminate, then you'll have to swap the emblem and wiring from a 5-speed illuminated knob over to the E46/E39 knob.
So, unilluminated is cheap and simple but illuminated isn't.