Before you leap into upgrading, it will also depend on your current chipset. The Intel TX and some (magic word is SOME) VX boards can handle the MMX chips because the voltage regulators can handle the voltage for it and can supply dual voltage that these chips need. I cannot recall if the P133 was the first chip to use a dual-voltage core or the last to use the single voltage core. As for the HX, most boards came without the capabilities to hit the 2.8 volts needed for the MMX chips.
If your board supports it, it would be easier for you to find a 233 MMX Intel pentium chip. They're still around and run, on average, under $40 USD. All you would do is set the voltage to 2.8V and the rest as if you're running a P-100 (66 FSB, 1.5 multiplier). The chip (and the AMD K6-233) have a built in 2x multiplier so that 1.5 turns into 3.5 on the multiplier scale.
Also, if you're real adventerous (and you board can support voltages between 2.2 and 2.6volts) go get yourself an AMD k6-2 or K6-III at or above 400MHZ. Leave the settings you have for the 133 (FSB 66, Multiplier 2.0) and adjust the voltage. These AMD chips read the 2.0x multiplier as a 6.0 multiplier and it will give you 400 MHZ, plus MMX and 3Dnow. These chips are under $50 USD.
Intel = Ford
AMD = Chevy
Friends don't let friends drive Fords