Yes, all 1994 and 1995 US-spec "facelift" W124 models (including the 1994 E500) used the same tail-lamps, which had a white blinker lens in the exterior lens housing, and utilised a yellow-coated bulb.
This is a different lamp than the 1992 and 1993 W124 (including 500E) models, which had a yellow blinker lens in the exterior lens housing, and utilised a regular clear-glass bulb.