You can easily convert images to different formats using Microsoft Paint
Steps are explained below to Convert images for free using Microsoft Paint included with Windows XP
1. Make a backup copy of he file you want to convert and keep it in a safe place.
2. On Windows choose Start >> Programs >> Accessories and click on Microsoft Paint.

3. Once Microsoft Paint is open, from the top menu choose File >> Open and browse to your image you would like to convert to a different format.
4. Once your file is displaying inside Microsoft Paint, choose File >> Save As. This will open up options for you to choose various file formats such as BMP, GIF, JPG, PNG, or TIFF. Choose a file format and location on your computer where you want to save your converted image. In the case of the exampel shown below, I already had a GIF image saved but now I want to convert the image to JPG.

5. Click on Save and you are done. Repeat the process for other images you want to convert or for different formats.