If you Google ''How to make a virtual drive'', you will see plenty of software to help you. You may be able to find some with free trials.
I am not sure why your multimidea software needs the CD to run. This often happens with games, where the game will not run without the CD inserted, but I have not heard this with other software.
Can you say what software it is? I would have thought that the programmers would let you install the software on your machine without the need for the CD each time, and in fact would prefer you to do so. Once their software is installed, you are less likely to go searching for other similar software.
Many users of such games CD's prefer not to use their CD's each time they play the game, because of the risk of the CD degrading, and so they search the internet, (Google?), for a ''Nocd'' utility. This is a small utility, (or even a full replacement for the main .exe program), that prevents the program from looking for a CD. Whilst a nocd, (no cd) is an anti-piracy measure, I do not believe it to be illegal for legally obtained software that a user wants to employ to preserve their CD. However, obtaining them for the right software is difficult, and risky, especially if the nocd packet doesn't work as the user hopes.
I have multimedia software CD. Each time I run the program, I have to insert the CD in order to make it run. What/how to do to make program fully installed and run in the hard drive without inserting CD every time?
Someone advised me to create virtual drive in XP, to let the program recognize that the vitual drive are the same drive as CD ROM drive. True or false? If true, how to create virtual drive? If false, any alternative solution?