My first thought is that your system is only seeing 1/2 of the 256MB DIMM.
Does your motherboard support 256MB DIMMs?
If not, then that is the problem.
Some of the latest SDRAM DIMMs will not function correctly in motherboards that are more than 1 year old. They just cannot deal with the newest hi-density IC's.
You can check with the motherboard mfg, and see if they have a BIOS update that specifically addresses this issue.
If your motherboard uses RDRAM, it is best to install it in matched pairs.
Keep in mind that Windows 9X and Me have a known issue with more than 511MB of RAM.
So, if you are using one of those OS's, your system may not boot properly with more than 448MB anyway.
My second thought is, do you have on-board video?
On-board video uses part of systtem RAM for the video RAM.
If the BIOS on your motherboard is designed to use a percentage instead of a fixed amount of available RAM, then that may be where the extra RAM has gone.
If you do have on-board video, there should be a setting in BIOS settings to allocate memory to the video system.
Chas