I am so freakin' happy.
I checked linmodems.org, which provided a link called 'mandrake' somewhere. So i clicked on it, and i landed up on an FTP server with lotsa precompiled ltmodem.o packages on it, including the one for my kernel !!!
I could simply do modprobe lt_serial and then
ln -s /dev/modem /dev/ttySLT
and now it works !
I am typing this in konqueror ... the divine feeling of being free of windoze ...
I can quake and i can 'net under linux, for me that's enough.
Exept for Need for Speed 2
Thanks alot guys !! (Void)