Format a volume larger than 32 GB in FAT32

Windows XP doesn't permit you to format FAT32 drive more than 32 gb
(see KB Q314463 Limitations of the FAT32 File System in Windows XP)

You can do this by command line using /FS switch but that doesn't work everytime

format /FS:FAT32 yourletter:

So you can use some tools

Fat32Format
http://www.ridgecrop.demon.co.uk/index.htm?fat32format.htm or
version with GUI (Alternate download location) or commandline (Alternate download location)

or

Fat32Formatter
http://tokiwa.qee.jp/EN/Fat32Formatter/ (Alternate download location)