I have this really strange problem with my 92 bonnie. This only happens after like 5-7 minutes of driving. After I'm stopped, the check engine light will come on and under 25 mph it feels like I'm opperating on one cylinder (almost no acceleration). The rpm won't go up either. However once the car is over 25 or 30 mph my acceleration is back. This only happens some of the time.

Is this a problem with the fuel system or the transmition? What should I do?

well from what i experienced, when it is ur fuel system , it will cut out at high demand of fuel , like WOT . In ur case , i'd have it scanned to see what kind of codes will pop up and go from there . after all , ur SES light wont come on for nothing i'm guessing it'* something electrical but u never know get it scanned and write back with the code
good luck
Al

Sounds like an ignition problem to me.......and the SES light concerns me. Can you pull codes?

I got the same thing granny. On my 94', im gonna get it checked tomorow and ill let you know whats up, mabye its the same problem that way ill post whatever i need to fix and that. Because im really thinking it has to do with the fueling, eh well, we shall see =D

My bros 89 sse had this prob and it was his EGR.... Just throwing what I know out there...