Check here :
http://support.microsoft.com/default.aspx?scid=kb;en-us;321305
If you've forgotten your administrator password - to put it bluntly, you're screwed. You have to start again with a clean install. In other words you need to wipe your PC and start from scratch. Of course this could mean that you'll lose your files. If you've got some files you want to save,I recommend partitioning your hard drive and installing a second version of Windows (or another OS). Then use that to access and backup your files before wiping your hard drive clean and starting again.
Once you have lost your admin password, that's it. This way it stops people from being able to access systems that should have access to.
That's not actually true. Windows XP has a back door. Try this document: http://pubs.logicalexpressions.com/Pub0009/LPMArticle.asp?ID=305
There are other ways of getting into windows XP but they would be classed as hacking. This way prevents anyone from being about to access someone elses system without (a) spending a relative large amount of time in front of their computer at the risk of getting caught and (b) changing their password so they will know that someone has been tampering with it. Hope this helps.