From
http://www.spurdens.freeserve.co.uk/pc/postbeeps.htm
No beep Power supply, Motherboard
1 short beep System OK
2 short beeps POST Error displayed on monitor
Repeating short beeps Power supply, Motherboard
3 long beeps 3270 keyboard card
1 long, 1 short beep Motherboard
1 long, 2 short beeps Display adapter (MDA, CGA)
1 long, 3 short beeps EGA
Continuous beep Power supply, Motherboard
Looks like a video card problem. Make sure the vid card is seated correctly. Also, if you have a really new vid card, I know some require a 4 pin power connecter actually on the card itself because the monsters need so much juice to run. If those don't work, you may have discharged some static electricity when you installec the power supply and fried your vid card
Good luck