This is the error Dependency Walker gives me on an executable that I am building with VC++ 2005 Express Edition. When trying to run the .exe, I get:
This app
Open the properties sheet for your project, go to the Configuration Properties -> C/C++ -> Code Generation page, and change the Runtime Library selection to /MT or /MTd so that your project does not use the DLL runtime libraries.
The C/C++ DLL runtimes used by VS2003 and up are not automatically distributed with the latest version of the OS and are a real pain to install and get working without this kind of problem. statically link the c-runtime and just avoid the total mess that is manifests and version specific runtime dlls.