It's a passlock system that reads your key to make sure it's the key for that car.
Back in the day, ingtion locks could be punched with a screwdriver or even another key.
This light is comming on while your driving, I assume. Your key is worn down a bit from going in and out of the lock. The key cylinder is having trouble reading your key. Put the key in the lock and see if you can wiggle it. If you can, that's the problem. It's shouldn't move.
The fix is simple, You have to get another key cut for the car. Look for a blank key on eBay, usually go for about $5 (I think they have them at Home Depot too, by the pwoer tools, but I don't know the price) and take it to your Olds dealer and have them cut it.
Mine used to do the same thing, had the blank for a while and then got them cut. They shouldn't chager labor for this, they charge for the key (which they way overprice). Hasn't come on since :thumbsup:
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2000 Olds Alero 3400 SFI 14.53 @ 94.93
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