Just looked at the Jumpers for the A3001 and it says for 8MB that Ram slots CN3 through to CN10 should all be populated and J5 ON.
And it (8MB of 1M simms) is not supported if you have a 50mhz processor.
Just looked at that again, and I had it wrong, CN3-CN10 are of course Ram slots not Jumpers corrected above statement.
looks like you've done the right thing, but there are a lot of Jumpers to do with clock speed, and seeing as the setup your trying to use isn't supported by 50mhz processor, I'd check all jumpers associated with clock speed and ensure you have them set correct.