An 01, if it was ordered with the optional ride control system, will have a rotary switch on the center console. The system is called "Selective Real Time Damping" and, generally, is a ride enhancement, not a performance enhancement.
01's do not have "Magnaride". That was offered starting in 2003. 01s also do not have "Selective Ride Control" which was offered from 89-95.
Sometimes it's difficult to tell if the system is working, but find a road with a lot of slab joints or tar strips, drive at the speed limit, and switch the rotory switch among its various positions. You should not a change in ride harshness.
Also, when you turn the key on, the "service ride control" light should come on briefly then go off. If the light doesn't come on during "bulb check" after key-up or it comes on and stays on, then the system is not working properly and needs service.
Replacement shocks are quite expensive...about 900 bucks, each, as I recall.