I can hardly imagine how you got there. Maybe you had Slackware 13.37 previously installed, you didn't wipe it out before installing Slackware 14 (that is to say, you told the installer not to format your root partition) and you didn't run lilo during the configuration post-installation. I may be fully wrong, but please send output of following command, to check:
PS Not sure if it is important but tell us what is your hard disk's lay-out as well (outputs of
cat /etc/fstab or
cat /proc/partitions and
df -h). Just wondering: if you have a separate /boot partition, maybe you didn't reformat that one.
PS2 Maye be you kept the old kernel (this we know for sure as that's what output of "uname -a" shows) and during installation you chose the "expert" mode of liloconfig and reused your old lilo.conf?
In any case I'd try running the commands Mr. Volkerding gave you in post #12. Do not forget to run lilo after that, with an entry for a 3.2.29 kernel.
Or if your system is even more messed up, reinstall everything -- then, after having saved what you want to keep, do accept to reformat the relevant partitions this time when asked by the 'setup' program.