DSL Talk

Hi all! I'm a new DSL user, and, as every beginner, I'm having some troubles.
I'm trying to install it into an old Compaq Armada 1700, it's a pentium 2 with 64 Ram Mb, and a 5GB hardDisk. So it sounds to have the right needed hardware! I need to use the floppy-cd-boot because it is not possible to boot directly to the cd from the bios.
Then I created both (floppy and Cd) and I used them. I see the boot line but even if I write nothing the system doesn't start: it always display only these words "Kernel Panic!" and then 2 leds in the keyboard start to flash, and there is nothing to do!
Please, does anybody know what to do?