43b7af74_vices_List___Overclockers_Club__Notes
[Service Name] Event Log [Recommended Setting] Automatic [Notes] 
This allows Event Log messages from applications to be viewed in Event Viewer. I have gotten an email from a user saying this: "Service is need for diskeeper defrag and remote access, auto connection manager plus remote access connection manager is needed for Pal a compuserve connection to work". I recommend leaving it enabled (automatic).
Windows XP Services Removal Guide » Page 2 - Windows Services List - Overclockers Club
Notes