RAM size

["Alexey" <lu@nikaa.dnttm.ru>]

I have 128M RAM.

dmesg:
...
Memory: 64364k/66496k available (808k kernel code, 416k reserved, 864k data, 44k init)
...

Am I right thinking that Linux "sees" 64M only?
Well, the *free* utility displays total memory at 64M.
What's wrong?