System Requirements
Beyond the disk space requirements stated, VS 2003 has other system requirements that include a 450MHz Pentium III class processor, a CD-ROM or DVD-ROM drive, and a SuperVGA monitor or better. A 600MHz Pentium III processor or higher is recommended.
VS 2003 can be installed on Windows 2003 Server, Windows XP Professional, Windows XP Home Edition, Windows 2000 Professional SP3 or later, or Windows 2000 Server SP3 or later.
When operated on XP Home Edition, though, VS 2003 does not support the creation of either ASP.NET Web applications or ASP.NET Web services.
Microsoft says VS 2003 can be deployed on any edition of the Windows operating environment, Windows 98 or higher.