I had a 3400 running higher than that on the same board. Found that dropping the multiplier and increasing the front side bus was what's needed.
It was very fussy about ram timings also. The last number in the timings (tRAS) should be a total of the others or rounded up to a hole number if a .5 . Example, if you have 3/3/3/8, should be 3+3+3=9 or if 2.5/3/3/9.
Just my findings with this board but got the ram up to 500mhz if I remember right PC3200 budget brand of some type at 3/3/2/8, or was it 3/2/3/8

. Was looking for an excuse to burn it out and get some good stuff so wasn't too worried about pumping as much voltage in it as I could.