Todd Ogasawara's Windows for Intel Macs ($7.99USD published by O'Reilly Media) is for Intel Mac users running Bootcamp or Parallels who want to learn more about running Microsoft Windows XP on Mac. It also provides specific tips and hints for using Parallels Desktop for Mac.
Installing MSXML 4.0 totally
Installing MSXML 4.0 totally worked. It seems like the application should check for this sort of dependency for you.
http://www.microsoft.com/downloads/details.aspx?FamilyId=3144B72B-B4F2-46DA-B4B6-C5D7485F2B42&displaylang=en