I've tried to use what's in that V70 post and it didn't quite work. Just spoke to my local Volvo service guy to see if he could give me a sure-fire way to do it (I just finished changing my oil on my 2002 S60). This worked.
1) Turn key to Position I.
2) Push and hold trip odometer button.
3) Turn key to Postition II.
4) Trip odometer will go to 0 and then return to mileage setting.
5) Release trip odometer button.
6) Turn key off.
I think that I got everything in the right sequence. If not, you can always do what I've done in the past - try all of the combinations of key positions and odometer button pushing until you find the right one. Good luck!
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