When i try to run the game nothing happens. When I go to my task manager nascar4.exe is using 100& of the proccessor.
I haven't tried that game myself, but in addition to the suggestions you've already received, I'd also try to see if there's a "crack" for Nascar 4 out there. Every game these days it seems, are using C-Dilla "Safe"Disc to "protect" their CDs from ripping. (yeah, sure it works)
The downside of SafeDisc (aside from it not protecting anything at all) is that it's incompatible with a wide range of hardware. Early version of it wouldn't support Win2k and new versions have issues with certain CD drives, and stuff like that. (some Dell laptops will bluescreen if you install software from a SafeDisc "protected" CD under NT4)
Next, IRQ 16 doesn't exist. You're probably thinking of 15? IRQ sharing is not a big problem, and certainly not at the level you're seeing (a single process burning CPU is not an indicator of an IRQ problem).
100% CPU usage is normal with most games, so I wouldn't worry too much about it either.
What would be interesting to gauge OTOH is memory usage. Does the process gobble up memory faster than you can shake a stick at? E.g. "Need For Speed: PU" needs to have a tweaked pagefile size in order to work properly, otherwise it'll just sit there and eat memory while showing the "loading" screen.
Are you running any Anti-Virus software? Disable it and try again.
Also try lowering priority of the nascar process. I once managed to get Falcon4 to load faster when it's priority was bumped down a notch (this was during the Win2k beta, I suspect the disk cache was run at too low a priority and thus wasn't given CPU cycles at all).
Switching the game over to using OpenGL is probably an excellent idea as well (I realise it has already been suggested, but I think it's worth mentioning again). IMO, NVidia drivers have generally favoured OpenGL, both performance and feature wise.
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Rune