That's an indicator for a [C]omputer [C]command [R]ide malfunction. It means you need to service the suspension, and probably means your shocks/struts are shot. This is a common problem on older cars with high (over 90,000) miles. The bad news is that these active struts are VERY expensive (the cost of parts may exceed the value of the car at this point) and they may not even be available any longer.
The good news is that there are passive replacement shocks made, but in some cases disabling the electronics invoved is not a sure fire thing, and the indicator may still stay on. In your case, the bulb could be removed from the info center if all else fails. Newer (94 and up cars) have a alpha-numerica readout on the cluster that shows a "service ride control" message that can be very difficult to get rid of. Luckily for you this will not be the case.
You should search the tire and suspension section of the forum for a LOAD of information on this problem, it has been discussed in great detail over many posts in there.