Then there may be no other alternative than to reformat.
However, if Windows XP is installed in a different folder than C:\Windows, you could simply try to remove the additional folder and see if that solves your problem. Be warned: The operating system can become very unstable!
I will write down the steps you need to take in order to reformat and reinstall Windows XP
1. Enter the BIOS
2. Set the first boot device to CD-ROM
3. Insert Windows XP CD-ROM
4. Press a key to enter setup when prompted
5. Choose to install Windows XP
It will now prompt you that Windows XP is allready installed
6. Choose to continue
7. You will not be given a menu where you can create and remove partitions. Follow onscreen instructions if you wish to create additional partitions.
The partition where you will install Windows XP will be formatted by the installation, any other partitions will have to be reformatted in Windows XP once it is installed.
The following article may be of use:
How to erase my hard disk drive and start over