Hi,
Even if your computer doesn’t have hardware virtualization, you can still install XP Mode but just cannot run it as you can’t run Virtual PC. Enter VMware Player. This free program lets you create and run virtual machines, whether or not you have hardware virtualization. And, it can directly import XP Mode so you can use that copy of XP for free. A couple features are different, but it’s still a great replacement since you otherwise couldn’t use it at all.

Thanks