Error Code 0x80004005 (OS Installation)

Hello TechyV!
I am changing the OS of a computer I recently bought from a previous owner. I am installing Windows XP and encountered this error. I have tried rebooting it and turning off all anti-virus and firewalls but nothing seems to work.
Suggestions, anyone?
Any ideas will be very much welcome.
Thank you!

RegSvr32
The module VBSCRIPT.DLL was loaded but the call to
DllRegisterServer failed with error code 0x80004005.
For more information about this problem, search online using
the error code as a search term.
Ok
