Anim8or is a freebee
http://www.anim8or.com
Below is a little info from the web site. Hope this helps.
System Requirements:
Windows NT4, Win95, Win98, WInSE, Win2K, or WinXP,
OpenGL accelerated graphics card with full ICD support, (ala GeForce),
64 MB memory, 128MB recommended,
300 MHz Pentium,
5MB disk space.
Features:
3D Modeler - Create and modify 3D models. Built-in primitives such as spheres, cylinders, platonic solids, etc.; mesh-edit and subdivision; splines, extrusion, lathing, modifiers, bevel and warps,
TrueType font support - 2D and 3D extruded text for any TrueType font.
OpenGL based real time operation,
Import and modify .3DS (3D Studio), .LWO (Lightwave), and .OBJ (Wavefront) object files,
Export .3DS files,
Built in 3D Object browser,
Jointed character editor,
Anti-aliased software renderer for high quality, production quality images,
Create 3D scenes and animations and output .AVI movie files, .JPG and .BMP images,
Supports textures, bump maps, soft shadows, spotlights, fog, and much more,
Texture support for .BMP, .GIF, and .JPG format files,
Print images of scenes and models.