Need good quality video to post for website, but under 2MB.  How?

Hi all-
I need some help with exporting a video that will be viewed on a personal business website. I need it to look good, but the web designer says it must be no more than 2 MB. How do I export this 4 minute clip at a decent viewing size, with good quality and keep it so small? I have flipped through the Ken Stone articles and I get so overwhelmed by them. Is there an EASY way to do this?
Thanks sooo very much for any feedback.
Karen

Hi Peter -
Thanks for your response. The video is of a speaking presentation, to be shown to organizations on the web that might want to hire the speaker, so quality should be decent. So far I just did Ken Stone's recommendation of 320x240, H.264 @ 2000, mono, AAC 64 bit, best quality.... silly me. Of course that resulted in a 63.4 MB video!! Now I just don't know what I need to alter to make it so incredibly smaller and still be worth watching. When i get back from dinner, i will try to do the ipod size and see what happens. Thanks for the suggestion.
Any other helpful hints are very much appreciated!
Thanks,
Karen

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