If you're on Windows, it may be possible to do this using NTFS file permissions. It's built right in.
Booting into safe mode with the Administrator in XP Home and typing: 'secpol.msc' (or 'gpedit.msc') in the run dialog from the start menu doesn't work? One reason more to be happy with XP Pro
Doug Knox Windows® XP Security Console does that. (see attachment in previous post)
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