hi there win32 is a system file error which in short means some how you lost part of the sys files easy to restore thou so no problem just put your os disc in ,boot from the cd and after it loads a few files click next DO NOT TRY TO REPAIR from the first screen you see but hit enter ,then a new menu will open up click repair from here ,it will find the missing file and reload it with out losing any thing from your system .
good luck and keep us informed.