Yes thats quite normal from what i've experienced with my 94 and 96
I use the trip odo every time I fill up to check mileage and the light would come on between 200-225 miles and I could drive to about the 290-300 mile mark around town and around 320-325 straight highway
the trip computer in my 97 tells me I have something like 340 miles to empty when I fill it...not sure how accurate that is, havn't tested it yet because I just got it recently