XP Pro freezes/how to erase & reinstall

Hi,
I'm using XP Pro on Parallels 3.0 on my Macbook. And I've got the Mac OS 10.4.10 running. I just recently purchased the Macbook and 10.4.10 was already on it.

I want to reinstall XP Pro because it freezes all the time on the reboot. Plus I ordered a SP2 version on disk. But how do I erase XP Pro without erasing Parallels?

Do I have to erase Parallels to erase XP Pro?

Many Thanks, Frank B.
 
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