Pretty neat error, i gathered some Solutions:
Try starting the game exe with Admin rights (common problem solver)
or start steam with Admin rights
maybe WIN8 has some problems with the game, you know... the game is a little bit old
you could try to install Microsoft's C++ Redistributable Package
(x86):
http://www.microsoft.com/en-us/downl...s.aspx?id=5555
(x64):
http://www.microsoft.com/en-us/downl....aspx?id=14632
If everything fails, try Compatibility mode, helped at SW1 and hopefully it will do on SW3
Hope it helps