I saw that you had the same problem as i did, but no solution.
Well I have a solution to your problem.
First : Install VS on a win98 machine, but abort when you have to choose install dir.
Second : Run RegEdit, find HKEY_LOCAL_MACHINE\Software\Microsoft\VisualStudio
export it to a file.
Third : Copy that file to the XP machine and run it.
Last : Run The file ACMBOOT.EXE from your VS CD.
If you don't have the time to make a reg file get it
here