Live Update and Video Driver

I am on Windows 7 with a K9A2 mobo and an ATI Radeon 4800 Series video card. Windows 7 shows a driver installed as:

"Advance Micro Devices 11/16/2012 Version 8.970.100.7000"

Live Update shows me:

"VGA Driver ATI Version 3.0.745.0 Uninstalled"

Is this V...