CA has stated that they are trying to support 32 MB cards where they can, so a given 32 MB card might work. It really has more to do with the type of card/motherboard and how it handles the memory. Collateral parts of the system could be the determinant of whether it will work or not.

The original poster's machine is so far out of spec in all three areas, that I seriously doubt it would work. And if it did work I doubt it would be pleasurable.