This is correct.
This clutch is hydraulic and is self-adjustable.
If the clutch isn't slipping when accelerating it's most probably ok.
You could have a defective clutch valve and/or hydraulic oil leak.

"round Midnight" > wrote in message
...
> Hi all-
>
> I just purchased a '97 328 iS (e36). The engagement point of the
> clutch comes nearly at the top ot the pedal travel range. Is there a
> do-it-yourself way to adjust the pedal so that the engagement point is
> lower to the floor? Is this condition an indication of clutch wear? (I
> know it would be on a cable actuated clutch, but this one is
> hydraulic, right?)
>
> TIA
>
> 'round_midnight