Have you tried this?
1. Turn Ignition Key to position I (off)
2. Press and hold the trip mileage button
3. Turn Ignition Key to position II
4. Continue holding trip mileage button for about 10 seconds
5. On the second flash release the trip mileage button
Others have said it more simply...press the odometer reset button, while moving the keyswitch from I to II.
Don't know if this applies to your model, but it might.
If not, you might try calling IPD and asking them. They do sell a tool (very pricey...$178 just for this purpose for 850 and 70s from '96 to '98) but they may be able/willing to give you the code for your OBD tool. Their number is 1-800-444-6473 and they are open from 8:30 to 5:00 PST.
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Current owner of a '04 V70 2.5T. Previous owner of a '94 850 Turbo Wagon
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