To rebuild the master database in SQL Server 2000 (Rebuild Master utility)

To rebuild the master database        

1. Shutdown Microsoft® SQL Server™ 2000, and then run Rebuildm.exe. This is located in the Program Files\Microsoft SQL Server\80\Tools\Binn directory.
2. In the Rebuild Master dialog box, click Browse.
3. In the Browse for Folder dialog box, select the \Data folder on the SQL Server 2000 compact disc or in the shared network directory from which SQL Server 2000 was installed, and then click OK.
4. Click Settings. In the Collation Settings dialog box, verify or change settings used for the master database and all other databases.
   Initially, the default collation settings are shown, but these may not match the collation selected during setup. You can select the same settings used during setup or select new collation settings. When done, click OK.
5. In the Rebuild Master dialog box, click Rebuild to start the process.
   The Rebuild Master utility reinstalls the master database.
   Note  To continue, you may need to stop a server that is running.
6. source:sapost.blogspot.com