This isn't the one I was thinking of but....it may be where you want to go.
Linux Minimal configuration
3.1 Minimal configuration
The following is probably the smallest possible configuration that Linux will work on: 386SX/16, 1 MB RAM, 1.44 MB or 1.2 MB floppy, any supported video card (+ keyboards, monitors, and so on of course). This should allow you to boot and test whether it works at all on the machine, but you won't be able to do anything useful. See
http://rsphy1.anu.edu.au/~gpg109/mem.html for minimal Linux configurations
In order to do something, you will want some hard disk space as well, 5 to 10 MB should suffice for a very minimal setup (with only the most important commands and perhaps one or two small applications installed, like, say, a terminal program). This is still very, very limited, and very uncomfortable, as it doesn't leave enough room to do just about anything, unless your applications are quite limited. It's generally not recommended for anything but testing if things work, and of course to be able to brag about small resource requirements.
