If you would be planning to use microsoft office and student 2010 on xp you have to have SP3 of XP. You may refer to system requirements given below.
Office Home and Student 2010
Component
Requirement
Computer and processor
500 MHz or faster processor
Memory
256 MB RAM; 512 MB recommended for graphics features and certain advanced functionality.1
Hard disk
3.0 GB available disk space
Display
1024x576 or higher resolution monitor
Operating system
Windows XP (must have SP3) (32-bit), Windows 7, Windows Vista with Service Pack (SP) 1, Windows Server 2003 with SP2 and MSXML 6.0 (32-bit Office only), Windows Server 2008, or later 32- or 64-bit OS.
Graphics
Graphics hardware acceleration requires a DirectX 9.0c graphics card with 64 MB or more video memory.
Additional Requirements
Internet Explorer (IE) 6 or later, 32 bit browser only. IE7 or later required to receive broadcast presentations. Internet functionality requires an Internet connection.
Multi-Touch features require Windows 7 and a touch enabled device.
Certain inking features require Windows XP Tablet PC Edition or later.
Speech recognition functionality requires a close-talk microphone and audio output device.
Internet Fax not available on Windows Vista Starter, Windows Vista Home Basic, or Windows Vista Home Premium
Information Rights Management features require access to a Windows 2003 Server with SP1 or later running Windows Rights Management Services.
Certain advanced collaboration functionality requires connectivity to Microsoft SharePoint Foundation 2010 or to Microsoft Office SharePoint 2007.
Certain online functionality requires a Windows LiveTM ID.
Other
Product functionality and graphics may vary based on your system configuration. Some features may require additional or advanced hardware or server connectivity; www.office.com/products.
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