Nah, much better to leave graphics card settings on default and adjust the monitor. As soon as you start messing with graphics card colour settings, the graphics card isn't outputting a linear colour curve anymore, so you may find certain parts of the spectrum are compressed or even missing. Then you're left trying to compensate with the monitors controls, and it ends up looking a mess.
You should calibrate the monitor though. There might be an app on the CD to do that, or else Baddass will be able to suggest something.