Windows – getting “the application is failed to start because its side-by-side configuration is incorrect”

blenderwindowswindows 7

I encountered an error while installing blender 2.49b. The error is:

the application is failed to start because its side-by-side configuration is incorrect. please see the application event log or use the command-line sxstrace.exe tool for more detail.

I'm running Windows 7 (64-bit). How can I install the program?