Can XP Virt Mode be in 32bit if Win7 is 64 ???

Hello all

I recently installed Windows 7 Ult 64 bit on my machine and its working fine.

For most all of my programs I had on my XP system, which was 32 bit, I have been able to reinstall an use them.

But apparently my old version of AutoCadLt97 is a 16bit program an when I try to install it, before the install will even run, it comes up an tells me that its a 16bit program and is not compatible with a 64bit OS.

All in all if this was a program that I used a lot or wasn't to expense to buy a new version of, I would get a new one but even the LT versions go for around $800 to $1,000 so that's kind of not a option.

So I was just reading the tutorial on the virtual XP mode thing and was just wondering if I could run that in 32bit on a 64bit Win7 system and then this might allow me to get my AutoCAD program running again.

So is this possible?

Thanks for any help.