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