You can have them both on the harddrive, but you need them on a different partition, which means splitting the harddrive into two.
to do this, install a program such as norton partition manager, and create new partition. you will then have to restart.
when you install the new operating system, you will get a choice as to where to install it, choose the different drive.
if you have two drives you can do this aswell, but without faffing about with the partitions, make sure you set one drive as slave though with the jumper settings, to do this, pull the drive out where you want your second operating system, and there will be a little square thingy in some metal pins, on the drive it should say where to place the little square.
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