Install XP from a harddrive partition

[Parley]

Is there a way to create a small partition on a harddrive, then copy the XP
install cd to that partition and perform an install from the harddrive?

If so, please tell me how to go about doing this.
-Assume there is no operating system installed and the computer is home
built.

I am curious about XP Home and XP Professional.

TIA,
Parley