In Timeless Time & Expense this error occurs when another application installed an incorrect system file in Windows.  This was fairly common in the past as a common tool used for developing applications made it very easy to install the wrong files.  You can fix the problem by downloading and running the program below.

If you are not using Timeless Time & Expense, but found this page through a web search of the error number, you should not install this fix.  The error number indicates that a COM object is not registered.  The program available here is to fix the installation of a specific COM object.  Probably not the same one you are having problems with.