Using REGEDT32.EXE (this is necessary for REG_EXPAND_SZ) open your registry and find the key below.
For Windows NT Delete the existing value called "No Name" and add a new REG_EXPAND_SZ value with an empty value name and set the string to equal "%USERNAME% on %COMPUTERNAME%".
For Windows 2000 Rename the value named "LocalizedString" to "LocalizedString.old". Create a new REG_EXPAND_SZ value named "LocalizedString", and copy the contents of the original value to the new value except change the words "My Computer" to equal "%USERNAME% on %COMPUTERNAME%". For example, the new "LocalizedString" value may equal "@C:\WINNT\system32\shell32.dll,-9216@1033,%USERNAME% on %COMPUTERNAME%".
Exit the registry editor, click on your desktop and press F5 (for refresh). The "My Computer" icon should now be rename to "Username on Computername".
Key:[HKEY_CLASSES_ROOT\CLSID\{20D04FE0-3AEA-1069-A2D8-08002B30309D}]
Data Type: REG_EXPAND_SZ
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