run the windows update on your machine reboot, then try running it again. if it doesnt work then u need to run a repair on it tru uninstall.exe

I found so
mething on the net maybe you can try that...

PublicTechNoteError "This application has failed to start because MSVCRT10.DLL was not found" when you start Photoshop CS3 or CS2 (Windows)
Issue

When you start Adobe Photoshop CS3 or CS2 on Windows, you receive the following error message:

"This application has failed to start because MSVCRT10.DLL was not found."


Reason

The MSVCRT10.DLL file can be called by third-party plug-ins, even though this file is not installed by Photoshop CS3 or CS2.


Solution

Copy the MSVCRT10.DLL file from the installation disk to the Windows\System32 folder.

The file is available on the installation discs for Adobe Photoshop and Adobe Creative Suite. Locate the file, and then copy the MSVCRT10.DLL file to the Windows\System32 folder. Find the file in one of the following locations:

Photoshop CS3 and CS2:

Goodies\Optional Plug-Ins\Ffactory
Creative Suite 3, Contents disk:

Goodies\Adobe Photoshop CS3\Optional Plug-Ins\Ffactory
Goodies\Adobe Photoshop CS3 Extended\Optional Plug-Ins\Ffactory
Creative Suite 2, Resources and Extras disk:

Goodies\Photoshop CS2\Optional Plug-Ins\Ffactory
If the installation disks are not available, you may be able to copy the MSVCRT10.DLL file from one of the following locations:

Another application may have a copy of the file available. Search for msvcrt10.dll on the system and copy it into the Windows\System32 folder.
Search the Internet for the file. The file is available from multiple sites for free, as it is a commonly used DLL.

Source:
kb.adobe.com/selfservice/viewContent.do?externalId=329782 - 32k -

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