Licensing questions

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Hello,

I hope I can get some sort authoritative answers to my questions,
preferably from Microsoft themselves.

I have some poorly written suspect software that I want to run that
requires me to run it as Administrator. Since I don't trust any software
that forces me to do that, I want to put it in its own sandbox in a
virtual machine.

1. According to the Windows XP EULA, even though I have a fully legal
instance of Windows XP Professional Upgrade Retail license installed on
my desktop, I do not have the right to also install and run this same
copy of XP in a Virtual PC environment on the same desktop. Is there any
way to do this with XP? It seems real burdensome to have to go spend
another $300 for an XP full license just for running in a virtual machine
on an already licensed install of XP.

2. Failing that, can I install a legal copy of Windows 2000 in a virtual
machine on the XP desktop?

3. If #2 is doable, can I create more than one image of the same Windows
2000 CD install if I am only running one instance of it at any one time?
The EULA seems a bit vague on this, talking about "installed, displayed,
accessed, or run" which means that if I have multiple images, I should be
able to run one of them at any time since I am not running them
concurrently.

I really want to be a legal user here, and would appreciate any
assistance with this.

Thanks in advance.
.

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