Tryed to install windows xp via 'i386' method

Hello,

i want to install windows xp on my laptop, i have the genuine product key. i went into 'i386' folder, and ran 'winnt32', input my product key, it then then comes up with 'error 1722 - there is a problem with this windows installer package. A program run as part of this setup did not finish as expected'.
what does this mean? and how do i fix it to make it work?

cheers - M