As the other person pointed out, you would set it up as Spanned "Dynamic" disk, then add all the other 4 x 1TB drives to the dynamic disk, making it one logical drive "spanned" across 5 physical drives; i.e., one BIG "C:" drive.
http://support.microsoft.com/kb/308424
An alternative is to get a hard drive controller that supports your number of drives and has RAID 0 - striping of your data across all 5 drives, but no fault tolerance and no redundancy.
Note that XP Professional's built in ability to create and use Dynamic Disks in a spanned set/volume is basically the same as a "Software RAID 0 configuration."
As for ONE power supply powering all drives - hmm - that should be possible - a lot of higher-end power supplies have 4 connectors, and you could do an adapter to convert one of the other connectors I suppose.
But I also want to ask why you would do this? It's just as easy to have 5 logical drives, C through G, for example. With a 'spanned' setup, if one drive goes flaky, you basically just lost ALL your data, because the O/S treats it as one big Master File Table; one big logical drive.
At least with 5 separate drives, you would not lose your everything if one drive went bad.
But best would be RAID-5 - get a RAID controller and use it. That will use one of the 5 drives as a 'hot-spare' automatically, in case one of the other drives fails. So, your space gets reduced by 1TB (for that hot spare), but if a drive fails, it automatically used that extra 'hot spare' and fails over, without loss of data, so you can keep running, while you go and order a replacement drive. When replacement drive arrives, put it in place of the bad one, and you are done - the RAID array basically rebuilds itself, and keeps a 'hot spare' when you set it up as RAID 5. This is most often what we do in large corporations. NOTE: This is NOT a substitute for backing up your data! Nor is RAID 0, but RAID 1 comes close, since it mirrors all data on one drive to the other drive.
IBM has a good primer on RAID:
http://publib.boulder.ibm.com/infocenter/eserver/v1r2/index.jsp?topic=/diricinfo/fqy0_craidvol.html