The answer to this question is not perfect; however the solution does work. Windows XP by default will execute the license manager within the startup group. This is easily seen after the installation is complete and the computer is rebooted for the current installation to be taken into effect. In some cases Labview will require the license manager to be present depending on the application; but if it isn't then it does not need to be activated. Therefore, de-install Labview and re-install it; however, this time before allowing the software to reboot the machine when it is completed, click on NO and go directly to the Start->Settings->Control Panel->Administrative Tools->Services->NILM License Manager; right-click and select Properties. Go to the Field->Startup Type
and choose MANUAL. At this point reboot your computer for the completion of the installation.
At a later date, if the license manager is required, then to allow a TCP/IP connection would mean that you would need to disable Windows XP Internet Connection Firewall (ICF) feature which is also enabled by default when XP is installed. To disable this, go to Start->Settings->Control Panel->Network Connection and select the network connection you have configured. Right-click and select Properties. Go to the Advanced Tab and de-select the ICF feature. Note that your computer will be susceptible to intruders at this point, so take caution!