Because XP supports cd writing you may get warnings of incompatability when installing XP. Try to disregard these warnings and follow the instructions above. I got funny messages about Easy CD Creator, but it ran ok in compatability mode....TT
Cool Edit Pro version 1.2 works perfectly well on Windows XP. I had it running on an XP system without any problems. I recently upgraded to Adobes Audition Ver 1.5. Awsom programme if you can afford it.