A 64bit WEP key will require you to enter a 26 character key - the 32 bit you already have needs only the first 8, that is Key No. 1. The other keys can be used if required to allow other computers into the system but few people bother.
The important thing to note here is that WEP is not strong enough to keep a casual hacker out of the wireless network. The average teenager with a vague knowledge of |Linux can hack it and you could have fun explaining it wasn't you who downloaded that pirate music your teenage neighbour took off the net.