Here's our Windows XP Tip for.. September 20, 2004
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To keep Task Manager running but hidden from view, first open it by pressing Ctrl-Shift-Esc. Now choose Options, Hide When Minimized.
Next, minimize Task Manager. Its icon will appear in the taskbar near the time display. To make Task Manager visible, double-click the taskbar icon. After each use, minimize it again--don't close it.