No, that Power Supply is not sufficient, even if your graphics card did work your at great risk of damaging it and the rest of your system with such a basic power supply.
I wouldnt go any lower than this Silverstone 400w PSU
for 48.99 or 38.99 after rebate, I have the next model up(500w) and it works excellent with a AMD Phenom X4 955 and 9800GT LPE(Overclocked to standard speeds)
but, for a better price/value buy I'd get this OCZ Fatal1ty modular 550w psu
it costs 64.99 or 44.99 after rebate and it is modular, this will allow better cable management.