Here's How:
Click on Start, then Run, type the following command in the search box, and then hit the Enter key.
msconfig
This command will load the System Configuration Utility program.
Note: Do not make changes in the System Configuration Utility other than those outlined here to avoid causing serious system issues. This utility controls a number of startup activities other than those involved with disabling the splash screen.
Click on the BOOT.INI tab located at the top of the System Configuration Utility window.
Check the checkbox next to /NOGUIBOOT and click OK.
You will then be prompted to either Restart, which will restart the PC immediately, or Exit Without Restart, which will close the window and allow you to restart the PC manually.
After the restart, the PC will boot into Windows XP without showing the splash screen. This will result in a slightly faster boot time.
Note: Windows XP will continue to boot in this manner until the System Configuration Utility is configured to again boot normally.
Tips:
To re-enable the Windows XP splash screen during boot, follow the instructions above to enter the System Configuration Utility but this time choose the Normal Startup radio button and click OK.
