Dash warning symbol - unknown

My wife's 740il has been hesitating. When it does, a symbol lightsup in the middle of the dash. It looks like a circle with a capital "A" in the middle. I've been unable to identify it. Please someone enlighten me. Thanks.

P.S. - upon further review (with my reading glasses on), the symbol is a counter-rotating arrow surrounding a triangle with an exclamation point inside. Is this a check engine symbol? German for "slow down you idiot"? The sign of the appocolypse? Please help. Thanks.

What year is your wife's 7?

1996

ASC light mate, the motorised throttle will back off if wheel spin is detected...... giving symptoms of hesitation