That p4 2.6ghz would be a good start as would some 512mb sticks 2 or more depending on how many slots that motherboard has.
Graphics card is not really an issue
Otherhalf is still on the system I put together for her a long while back, 478 P4 3.0ghz, 865PE chipset, 1.5gb memory (2x256 + 2x512mb all 400mhz) and my old fx5200 128mb agp graphics card
Make sure the windows install is lean and mean, and double check antivirus used, some of them have got some quite horrendious memory and process footprints.
(other half is on Antivira free and spybot)
And you'll want to get something a bit better than stock cooler, nothing horendious, the 478 p4 was slightly cooler running than the 775 p4 but not by much and the stock cool can struggle.
I fitted a Scyte samurai on her one because I got fed up of the constant whiring&whining as the stock fan kept ramping up even when idle.
found on in fleabay
http://cgi.ebay.co.uk/Scythe-Samurai...25cec5febf257c
but any decent 92mm fan based cooler should be fine