I just did that this past weekend, but couldn't find anything that said SP2 contains all the fixes contained in SP1.  Just to be safe I did SP1 and all the other available updates before doing SP2.  You can wait a few months on SP2 because it will require some patching, and doesn't always install correctly.  If you have a firewall, AV, and you regularly do Windows updates you'll be fine without it.  I've done 3 SP2 installs already, but wish I'd waited.

>I am doing a fresh install of Windows XP home.  Do I need to install SP1
>or will
>SP2 suffice?  i.e. do you need SP1 before proceeding to SP2?
>
>

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