Of course you do!
For a while Microsoft was offering VM’s configured for various platforms for download, but they have cut out both XP and IE7. However the links have been collected, and can be downloaded here:
The VMWare VM’s run fine on Windows even though they are named for OSX, although I did have to add in a NIC to the VMX. It’s a great way to use a quick & disposable Windows XP/Vista/7/8/8.1/10 machines. Although there isn’t a IE 7 for Windows XP, it’s trivial to upgrade XP / IE 6 to IE 7.