I suspect you have the W32/Lovsan.worm.a or some variant.
Check this site for details:
http://us.mcafee.com/virusInfo/default.asp?id=description&virus_k=100547
Manual Removal Instructions
To remove this virus "by hand", follow these steps:
Apply the MS03-026 patch
Terminate the process msblast.exe
Delete the msblast.exe file from your WINDOWS SYSTEM32 directory (typically c:\windows\system32 or c:\winnt\system32)
Edit the registry
Delete the "windows auto update" value from
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\
Windows\CurrentVersion\Run