You should get a CD with the Maxtor HD that will enable you to clone your master drive to your new drive after you format (unless you bought your new HD bare, without any hardware or manuals). I've never tried this CD (I was looking at either buying a second Maxtor or a Western Digital, and I wnet with the WD).
This CD might also walk you through the installation and formatting of the new drive. If you get the CD with the drive, I'd look at its contents before doing anything inside your case. As long as your system is running, the CD might tell you everything you need to know step by step, and automatically be able to perform all the tasks needed to install your new drive. You can learn more about this at
www.maxtor.com by navigating under Worldwide Support. I tried to give you a link, but when I previewed this message and checked the link the page didn't load properly. So you'll have to navigate to their support page yourself. It appears the software CD I was referring to is called Maxblast.
BTW, I installed my new WD HD yesterday - my OS is Win XP Pro, and even though my master drive is formatted in FAT32, Windows would only give me the option of formatting the new drive in NTFS. You should still be able to transfer files in either direction with FAT32 on one drive and NTFS on the other.