You likely have incompatible hardware or BIOS needs updating.
See this link:
HOW TO: Troubleshoot Windows XP Problems During Installation When You Upgrade from Windows 98 or Windows Me
"Your Computer Hangs or Stops Responding and a Black Screen Is Displayed During the Upgrade Procedure
When you try to upgrade to Windows XP, your computer may stop responding (hang) and a black screen may be displayed.
This behavior may be caused by either hardware or software that is incompatible with Windows XP."
I'm having some difficulty installing windows xp. I've had several failed attempts where the system locks up at 34 min. I've rebooted each time with the result. The system starts installing over. The last time this happened I rebooted and the system gave the message that installation would restart. However, the screen went black with no further progress.

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