Can't run 32bit program on 64bit windows 7

Folks:

I need your help. I own a registered copy of FSHOTSFX program. I have this program runing very well, on 64bit windows xp pro .
But I have been unable to run it , since i migrated to 64bit windows 7 home premium edition. Unfortunately the program manufacturer does not offer support services anymore. The sad thing is that virtually all of my 32bit programs from way back to windows 98 are working well on 64bit windows 7.
You can download a free install copy of this program for testing here:http://fshotseat.com/dl/FSHSFXFull11.asp

Here is the error message i am getting when i open the program:

<< Fshotsfx failed to load properly. check the Fshotsfx.log file in the install directory. If you do not understand the error codes,email the log to support@fshotseat.com
Fshotsfx will end now..>>

then after clicking ok, I get the following message:

<< Run-time error '91': object variable or with block variable not set. >>

the after clicking ok, the program shuts down.
Thank you for your help.
Frank.

Here is the full report from the log file:


CPU: Intel Pentium
CPC: 2@2099 MHz
LDM: 35%
TRM: -270,155,776 bytes
ARM: -1,708,634,112 bytes
TVM: 2.00GB
AVM: 1.87GB
TPM:
APM:
OSP:
OSV: 6.1
OSB: 7600
OSS:
LAS: 4105
LAL: 1033
HSV: 1.1.61
CKS: 46F2D13F887D469DB90977A76A331197
02/08/2010 10:14:10 AM - FSHS_DS1:C:\Program Files

(x86)\FSHotSFX\sound\splash.mp3/No Vendor Info

Provided
02/08/2010 10:14:10 AM - FSHS_DS2:MPEG-I Stream

Splitter/No Vendor Info Provided
02/08/2010 10:14:10 AM - FSHS_DS3:MP3 Decoder DMO/No

Vendor Info Provided
02/08/2010 10:14:10 AM - FSHS_DS4efault

DirectSound Device/No Vendor Info Provided
02/08/2010 10:14:11 AM - FSHS_Primary Sound

Driver,Speakers (Realtek High Definition

Audio)/200000:1/0:0/0
02/08/2010 10:14:11 AM - FSHS_FLT=C:\Users\administrator

\Documents\Flight Simulator Files
02/08/2010 10:14:11 AM - FSHS_CFG=C:\Users\administrator

\AppData\Roaming\Microsoft\FS9\FS9.cfg
02/08/2010 10:14:11 AM - FSHS_FSPath C:\Program

Files (x86)\Microsoft Games\Flight Simulator 9
02/08/2010 10:14:11 AM - FSHS_Mp3H: **Error:429

ActiveX component can't create object
02/08/2010 10:14:11 AM - FSHS_ObjOk
02/08/2010 10:14:11 AM - FSHS_MainOk
02/08/2010 10:14:12 AM - FSHS_217 **Error:91 Object

variable or With block variable not set
02/08/2010 10:14:12 AM - FSHS_IPCvr_3.98a
02/08/2010 10:14:12 AM - FSHS_IPCty_Type+
02/08/2010 10:14:12 AM - FSHS_IPCra_10
02/08/2010 10:14:12 AM - FSHS_IPCsc_10
02/08/2010 10:14:12 AM - FSHS_InitOk
02/08/2010 10:14:12 AM - FSHS_LdTm
02/08/2010 10:14:14 AM - FSHS_P0 R0 A0
02/08/2010 10:14:14 AM - FSHS_AGA:0/0
02/08/2010 10:14:14 AM - FSHS_ERRPT: 1x429 ActiveX

component can't create object
02/08/2010 10:14:14 AM - FSHS_ERRPT: 1x91 Object

variable or With block variable not set
02/08/2010 10:14:14 AM - FSHS_CPX: 0
02/08/2010 10:14:14 AM - FSHS_1

I'm not a gamer but this site might help you.
Runtime Error 91 - What is it and How to Fix

Hi,
Thank you for the response. But it didnt help.

Have you tried running this game under Windows XP compatibility mode???? IF that fails, you can try installing a virtual machine (vmware, virtualpc, virtual box) then load XP as a guest OS and see if it works that way.

Hi,
Thnak you for the response. Yes I did try to run it under windows xp sp2, compatibility mode on windows 7.
The program would start..then craches each time. Followed by the run-time error 91...message

Hi,
Yes..i did install under compatibility mode. Under " previous versions of windows ".
the install file is an MSI extension file.
Thnak you again...

Ok,
thank you for your consideration and suggestions..