Transfer files and settings

I have put together a new build and i want to transfer files and settings to the new computer from the old (XP to XP). Can I do this using the wizard to a USB storage stick, putting it in the new computer?
Thanks for the response in advance, John

Sure thing.

It's simple, here is a walkthrough. It's a bit lengthy but gets it done.

http://www.microsoft.com/windowsxp/using/setup/winxp/migrate.mspx