I don't think it is possible for you to run visual studio on xp home edition..xp home edition is perticularly designed for a simple users..for browising,games etc..
any way i am not sure it supports development..
Just try the following steps...
first of all install IIS on your machine...This usually comes with operating system cd..go to add/remove components>windows components from here u can install iis by using operating system cd..
if installation of iis is sucessful then go for .net frame work...if u have visual studio cd's you can install .netframework from that..
If it was not supporting the Installation of iis.You must change your operating system..
Hope this helps-Ashok Parchuri