Use the Security Configuration Manager and templates provided with XP Professional
The Security Configuration Manager (SCM) set of tools allows security administrators to define security templates that can be applied to individual machines or any number of machines via group policy. Security templates can contain password policies, lockout policies, Kerberos policies, audit policies, event log settings, registry values, service startup modes, service permissions, user rights, group membership restrictions, registry permissions and file system permissions. Microsoft provides a number of predefined security templates to help you lock down your PC via Group Policy. These templates represent low, medium, and high security configurations, which can be customized to meet your specific security needs. The security relevant registry values configurable by SCM appear under Local Policies\Security Options when using SCM tools such as the security templates snap-in, the security configuration and analysis snap-in, or the security settings extension to Group Policy. Note: This feature is not available on Windows XP Home Edition