I don't use Linux so I don't know.
No way unless your Win is FAT32, which I doubt. Most likely is NTFS, in which case, you must not use ANY boot loader on MBR.
To dual-boot NTFS & ext2
Back up your files & favorites on Windows
Defrag & scandisk thorough
Run fips.exe from CD1
Shrink Windows partition & create 2GB+ Linux partition
Install Linux
Install lilo on 1st sector of Linux partition
dd if=/dev/hda3 of=boot.lnx bs=512 count=1
cp boot.lnx /mnt/floppy
Boot XP
copy boot.lnx c:\
edit boot.ini
After multi(0)..., add
C:\boot.lnx="linux"
Reboot