Hi hatte das prob auch und hab den Artikel bei google gefunden. Es klappt!
1. Log XP Pro as an administrator.
2. Insert the Sidewinder Software 4.0 installation CD and abort the installation once the first screen of sidewinder appears.
3. Run the program compatibility assistant. You can reach this assistant by typing this string (whitout quotes and being offline) in the direction area of the Internet Explorer: "hcp://system/compatctr/compatmode.htm". You can also reach this assistant by typing the word compatibility in the search area of the main help screen.
3. Once you get the assistant screen press next.
4. The assistant asks you something like "Which way you wanna locate the program you are going to run with compatibility configuration". Select the option that says something like "I want to use the program that is located in the CD-ROM drive". The assistant will take you to the next screen automatically.
5. Now you have to select a compatibility mode for the program you are going to run. At this point maybe you have the sidewinder installation screen focused. Don´t close it. Just click the assistant window, select the option Windows 98 / Me, go back to the sidewinder screen and then start the installation. It will run normally. At the end reboot your machine and check things up.