XP crashes after about 2 min after loading

A friend of mine gave me a DELL 1501 w/XP SP3 . After XP loads up, it
crashes (BSOD). It gives some error codes as follows: STOP: 0x0000008E
(0xC0000005, 0xEE6D721D, 0xEB1827E8, 0x00000000). I used a LINUX OS
disc to retrieve all pics, docs, ect. I ran chkdsk, but it doesn't complete, giving me more errors. I also ran DELL's own HDD check program. It says that the HDD is okay. Since XP won't stay on for more than a minute or two, I can't try to troubleshoot any further. Does anyone have any ideas or solutions?
Any input would be appreciated.

DELL Inspiron 1501

CPU:
AMD Turion 64 X2 TL-50 1.6 GHz 2x 256 KB L2 Cache

Mainboard:
ATI Radeon RS480

RAM:
1024 MB, DDR2-533 SDRAM, (2x512mb sticks)

GPU:
ATI Mobility Radeon Xpress 1150 - 128 MB 256 MB Hypermemory, GPU/clock rate: 400/400 MHz

HDD:
Toshiba 80GB SATA, 5400 RPM
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More about crashes loading
  1. Can you get into safe mode? If yes, download memtest and test the RAM.

    If you have an OS disc, boot into the repair console and run chkdsk /r
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