What version of Windows have you got? XP or 2000?
I don't know that CD but it sounds like it could be a compatibility problem with Windows.
If you're running Windows XP, you could try using Compatibility mode to make the programme think that it's a different version of Windows.
Right click on the setup file, click properties, then click on one of the tabs, then Click on the Compatibility option, try the Windows 98 option and also disable visual options and themes in the same place.
(I think that's right, but I've not got an XP computer in front of me to try it on).