Hi brucel13,
Method 1
There is a possibility that some third party programs installed on the computer is causing the issue.
I would suggest that you place the computer in the clean boot state and check if it helps.
To help troubleshoot error messages and other issues, you can start Windows XP by using a minimal set of drivers and startup programs. This kind of startup is known as a "clean boot." A clean boot helps eliminate software conflicts.
Refer the article to know more about clean boot procedure.
How to configure Windows XP to start in a "clean boot" state
**http://support.microsoft.com/kb/310353**
Reset the computer to start as usual
After you have finished troubleshooting, follow these steps to reset the computer to start as usual:
a) Click Start, type msconfig in the Start Search box, and then press ENTER.
b) If you are prompted for an administrator password or for confirmation, type in your password, or click Continue.
c) On the General tab, click the Normal Startup option, and then click OK.
d) When you are prompted to restart the computer, click Restart.
Method 2
If the above step fails then refer the link and run the Fixit tool available, check if it helps.
Playing video files crashes or freezes Internet Explorer or Windows