If you're trying to boot off the XP disc, to do the install, first you'll have to figure out why the CD drive isn't working. Otherwise, it'll skip the CD drive, and continue to try and boot off the next boot device.
Does the CD tray come out?
Did it show up in My Computer?
Since you're getting the NTLDR message, I assume you can't boot into windows anymore. Try putting the drive into another computer, or try another drive in yours.
Thank you for your help in this problem. If I just put my hard drive into another computer with a working cd drive, do i simply install insert the recovery discs or is there more to it than that?