You can use the built in export option in access 2007 to export a database into xml. It will even export child tables into the same file. It will also produce the Schema of data for you. (XSD). There is also the option to produce an Presentation file (XSL) but I not really used that feature.
So when export the database you get both the xml and the schema produced for you (xml + xsd file).
So the ability to export and convert an access database to xml is built in and no additional tools or 3rd party software is required.
Access 2003 also has export xml ability
It goes without saying, that ms-access can also consume (import) xml.