Personally, I would not even consider starting with a structurally compromised frame. I'm not sure why you are.
Let's tally some of those items already mentioned - new fork, new crank, new wheels, new brakes, new bars, new tires, new tubes, new cables.
Even if you do all that, you still have a crap bike that has been severely damaged in a front end collision.
Spend a little more time to find a better candidate such that, when you are done, you have a nice bike.
ETA - Sorry, Ijust noticed it is a zombie thread - 13 years old. I wonder how the kid is doing now.