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Greetings Elmer:
I run FS2K on my laptop (Sony VIAO P3-500) and it runs fairly well with a lot of the detail turned down (surprise!). The biggest drawback is most laptops (at least until recently) do not have true 3D accelerators, so the graphics look very blocky in comparison to desktop systems. However, the RAGE LT is a true accelerator, so FS98 should run great on your portable system. Even though the LT isn't the fastest accelerator out there, I've seen FS2K run on a Dell with the same graphics adapter you've got on yours and it looked great. I think you'll be pleased with the results.
BTW, you should register for the message board--aside from the housekeeping benefits it'll give you, you'll be able to change that PASSENGER moniker next to your name.
Best!
Ben