After much fiddling, I finally made this kernel work fine with my machine
(Fujitsu C 7651 lifebook (Laptop)), Pentium III, I830m integrated graphics,
PCMCIA modem (thanks to ty winmodem).
1) make a /sys folder
2) enter this in fstab:
sysfs /sys sysfs defaults 0 0
none /proc/bus/usb usbfs defaults 0 0
3) apt-get instal modules-init-tools
4) Copy .config file from the previous kernel (mine is 2.4.21)... although I
am not 100% sure this is needed.
5) make menuconfig (deselect the many many modules that won't compile; my
previous kernel was based on a Knoppix install, with all sorts of modules