No you don't. Versions of MySQL lower than 4.1 do not have built in UTF-8 support. However, Joomla! 1.5 has made provisions for backward compatibility and is able to use UTF-8 on older databases. Let the installer take care of all the settings and there is no need to make any changes to the database (charset, collation, or any other).
 

Mission and Role

The mission of the International Telecommunications Satellite Organization (ITSO) is to:
act as the supervisory authority of Intelsat, Ltd.
ensure the performance of Core Principles for the provision of international public...

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Strategic Plan

Given ITSO’s vision that the Organization will continue to be the place where developed and developing countries can feel confident in expressing their views and in considering actions that will reduce the digital (broadband) divide; considering its mission...

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