Hi,
I had the same problem. There are at least 2 versions of the msvcr70.dll file out there. The one from year 2000 resulted in the same error message you received for me.
I downloaded a more recent version, and no more error messages. Mine is 336KB, dated Jan 05, 2002.
I got it here: http://www.bang.ro/dll/msvcr70.dll.htm
Hope that works for you.