SmartFTP 4.0.1081 Backup Not Working

I have just installed a copy of SmartFTP 4.0.1081 on a new XP Pro machine. When I try to run the Backup Tool, I get the following error:

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BackupTool.exe - Unable To Locate Component
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This application has failed to start because MSVCR100.dll was not found. Re-installing the application may fix this problem
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I tried re-installing, and it had no affect.

Is there something I can do to make this work?

Thanks,

Andy Jones