Is your card one of these? See the read me for more info. Its in the Freelancer file on your hard drive.
Freelancer does not support or has issues with the following video cards:
3D Labs Permedia 1 - 4
Glint - all versions
Oxygen Series (various)
3Dfx Voodoo Rush
3Dfx Voodoo Banshee
3Dfx Voodoo
3Dfx Voodoo 2
3Dfx Voodoo 3 <not supported under Windows 2000 and Windows XP>
Cirrus Logic - all versions
Diamond Monster Fusion (Voodoo Banshee)
Diamond Viper II Z-200 (Savage 3)
Matrox G100
Matrox Millennium
Matrox Millennium II
Matrox Mystique
Maxi Gamer Phoenix (Voodoo Banshee)
nVidia Riva 128
nVidia Riva 128 zx
S3 Virge_VX
S3 Virge_MX/MV
S3 Virge_MX+
S3 Virge_MX
S3 Virge_GX2
S3 Virge_DX/GX
S3 Trio64V2_DX/GX
S3 Trio64UV+
S3 Aurora64V+
S3 Aurora 128
S3 Savage 2000
S3 Savage 3D - all versions
Intel 82810-DC100
Intel 815
Intel 810e
Intel 810
Intel i740
Intel 752
Rendition - all versions
Number9 - all versions
Oak Technologies - all versions
Chromatic Research - all versions
Tseng Labs - all versions
Neo-magic - all versions
Digital - all versions
Compaq QVision - all versions
Weitek - all versions
Silicon Motion - all versions