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i think that is the code i got when my catalytic converter went out. for me, the cat was covered under warranty, so i had it replaced free. i didnt notice anything that seemed wrong with the car. it still drove just fine, no weird noises or anything. if you still have any warranty on it, i suggest you take it to the dealer to look at. it is my understanding that the catalytic converters have gone out for several people in the matrix.
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2003 Matrix XRS-6MT-Black Sand Pearl-Castrol Syntec 0W30 European Formula

Mods - 18" Incubus Paranormal wrapped in Toyo Proxes4 - T-Max Style front body kit - Escort Passport 9500i...what a friend to have in the car  - Part Time Mod Thule Roof Rack
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