According to the HWIC's data sheet you would need at least IOS version 12.4(20)T:
http://www.cisco.com/c/en/us/products/collateral/routers/2800-series-integrated-services-routers-isr/product_data_sheet0900aecd80581fe6.html
The only potential problem is that 192MB of RAM and 64MB of Flash are required to run the Advanced IP Services feature set of that IOS version or above.