Hi,
I had the same issue and I fixed it by installing the Microsoft .net Framework 2.0 SP2.
This might work for you, plz try. Below is the link for download.
http://www.microsoft.com/downloads/en/details.aspx?FamilyID=5b2c0358-915b-4eb5-9b1d-10e506da9d0f&displaylang=en