Yes, you should see a three figure guage just like the HDG and NAV readouts with IAS/MACH on it. All the default AC also require you to turn on or arm the auto throttle as well. If you can't find an Auto Throttle switch on a different AC it may simply not have one and is armed automaticaly once the IAS or MACH button is pressed. I've done this pic from the default 737 to make it clearer;

Remember, the autothrottle works independantly from the AutoPilot even though it is on the same panel. To operate, set the cruising speed required in the IAS/MACH window. Press the IAS button, it should light up. When you are ready to engage, press the A/T ARM switch and the set speed will be maintained.
One point to note. Many people don't understand why there is a Mach Hold function on a subsonic aircraft like the 737. This is beacause Mach is a measurement of speed relative to the ground and therefore, remains constant no matter what the altitude. However, IAS is just the
Indicated Air Speed. The higher you go, the thinner the air is so the IAS will apear to drop even though you are travelling at the same speed in reality. 300 kts at 30,000ft is a hell of a lot faster than 300kts at ground level! Therefore, when travelling to high altitudes, it's easier to set the Mach speed to keep the AC at a constant speed by pressing the MACH button under the speed you've set. This will change the readout to the current speed as a Mach number, eg. 250kts at 20,000ft is Mach 0.54, with a ground speed of 330. If you climb to 30,000ft your speed will stay the same if set to Mach but would increase if you left it set on IAS.
Hope some of you find this usefull. My brain hurts now!
