erm try uninstalling your nividia drivers and install v61.76 drivers of your card...
then run 3dconfig to set the game up for your card...
that should wrk... also try lowering the detail settings of the game you might be using settings that your pc cant handle...
i have the same graphics card as you and i find that versions that are higher than 61.76 dont really wrk well with f1c i.e. fonts dont appear, cars have bugs...
i hope this helps -
spoi2003@yahoo.co.ukwinxp-SP2, 1.3ghz Athlon, 128mb Nividia GForce fx5200, 512mb sdram
.P.S. always play the game as recommended settings...thats when you make a player thats is the recommended settings for your machine...