It's under the processor module, which is in the upper right corner near the fan. Written on it is 24C02, with maybe an extra letter or two at the beginning and end of the string. A magnifying glass is definitely helpful here, they're tiny! To remove the processor module start from the lower left corner and, with a plastic tool (screwdriver highly discouraged) push it upwards. It took me quite a bit of work to figure this out since Dell, in their infinite wisdom, gave no instructions at all in the official service manual. Now, putting it back into place is a bit of a hassle as well since you have to line the connector on the MB and module perfectly, otherwise it just won't go in. Once it does, push on the side where the connector is until you hear a firm *click*. Then slightly push in the side opposite to the connector as well and screw it back in. And push yet again at the connector, for posterity.
When it comes to "resetting" the EEPROM please make sure that you're working on the correct row of pins!
If you still can't figure it out I can make a YouTube video and post it here as a tutorial. Oh, and don't dump these machines! They're really not that interesting as "gaming" laptops, but are overall nice with no real flaws except for shit plastics and leaking CMOS batteries. Technically it's possible to upgrade them to a 600MHz PIII, I bet that would increase software rendering performance quite a bit. Too bad I haven't found one for sale anywhere.