install multiple operating systems from one flash drive

There are a lot of sites that tell you how to install XP or Vista or Windows 7 from a flash drive.  I have 2 flash drives I use for work as we often have to do a clean install of XP or Vista.  I select my flash drive and do the install from it.  I have an 2, 4, 8  and a 16 gig flash drive.  Is there a way I could put both XP and Vista operating systems on the same flash drive and have it allow me to choose at boot which one I wanted to install from?

Thanks
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SysExpertConnect With a Mentor Commented:

Install and Boot Ultimate Boot CD (UBCD) from a USB Thumbdrive
http://www.pendrivelinux.com/install-and-boot-ultimate-boot-cd-ubcd-from-a-usb-device/

This may allow you to launch either of the two.

Otherwise you may need a boot manager like grub to switch active partitions

   
I hope this helps !
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