Blue Screen on Windows XP Install HELP PLEASE!

I have Windows Vista Home Premium Installed and trying to install Windows XP Home Edition Media Center 2005 again on my PC. here's what happen when I try installing Windows XP

1. • Press any key to boot from CD
   • Windows set-up screen appears with status line at bottom
   • Status line shows Windows set-up is loading various drivers
   • Starting Windows message appears
   • After 10 secs or so blue screen appears with following message: 

'If this is the first time you have seen this stop error screen restart your computer. If this screen appears again follow these steps:Check for viruses. Remove any newly installed hard drives or hard drive controllers. Check your hard drive to make sure it is properly configured & terminated. Run CHKDISK to check for hard drive corruption and then restart your computer.'

Stop: 0x0000007B (0xF78D2524, 0xC0000034, 0x00000000, 0x00000000).

2. Restarted PC and exactly the same as in 1 happened, same thing happens.

3. Restarted PC in DOS and ran CHKDISK & SCANDISK and no errors reported.

Can someone help me with this issue? Thanks

 

 

XPS 700 Jet Black Edition

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Intel Core 2 Duo E6600 (4MB L2 Cache @ 2.4GHz, 1066 FSB)

Operating System: Windows Vista Home Premium

4GB Dual Rank (4 DIMMs) @ 667MHz Ram

1GB Nvidia GeForce 7950 GX2 Dual - GPU Graphics Cards

24 inch (24.0 in viewable) 2407FPW Wide Aspect Digital Flat Panel Display

1-150GB Western Digital SATA 10,000RPM Hard Drive with 16MB DataBurst Cache

2-250GB Seagate SATA 3.0Gb/s,7200 RPM Hard Drive with 16MB DataBurst Cache

1-500GB Seagate SATA 3.0Gb/s,7200 RPM Hard Drive with 16MB DataBurst Cache

Sound Blaster X-Fi XtremeMusic, w/Dolby Digital 5.1 Sound Card