Startup repair menu doesn't see an operating system

Hi everyone hoping you can help me out.
I have just formatted an old IDE drive connected to my computer - and when i restarted I recieved an error: "Boot MGR is missing" press CTRL ALT DEL to restart.

Obviously i forgot that when i installed Windows XP around 6 months ago that the boot manager was on the drive i just formatted and therefore have deleted the boot manager.
Consequently i cannot boot into my newly installed windows 7 or windows XP.

My next move was to put my windows 7 disk in the drive and use the repair utility. However my problem lies when i come to the menu: "Select an operating system that you want to repair" - I have neither windows XP or windows 7 available to select i.e. there are no options. Despite this, when use the option "if your operating system isn't listed, click load drivers" - all of my hard drives are then listed.

Does anybody have any suggestions?

p.s i tried the XP recovery utility also - but when i select which the system to repair - it asks for an administrators password - which it keeps claiming is incorrect when i enter it but i swear it not. weird.

Thanks

your instructions were exactly correct and everything now works correctly. thank you.

This is exactly what my system needed. Thank you gregrocker!

Thank you @gregrocker, these steps solved my issue..

thanks gregrocker... after almost 2 weeks waiting for the windows 7 recovery disk home premium pre installed from some unresponbility company. i look up on google and found out about ur link... its really helpful. i made it and repair my laptop. and its save me 70 dollar... u are really amazing guy...
have to add u as my friend. so will ask u whenever i got the pc problem... ha ha ha

again.... thanks again... u are amazing...

Glad it helped, guys.

Okay. Now the prob is solved. Back to my windows all ready. I tried to created a system repairing disc from my windows. But it was error. Its said parameter error or something. Any idea how come its error.
And then the windows used to be slow operation. But becusse that i have a lot of stuff inside. But i all ready removed some unneed programs from windows and its still the same. Is there anyways to make my windows run faster? I mean at least not that slow. I also got the recovery disc from the company i purchased last time. Think about want to return to them. I even didnt open it. Coz the windows prob had solve. But i do think that i need the installation disc for my windows 7. Its a windows 7 home premium 64 bit pre installed. Do u know where i can download that. The installation disc. Not the recovery disc.... Thanks again....

I got a bad virus that fooked things up. Your solution solved my issues. gregrocker i bow before your win7 powers.