Error when starting TM1 architect in a new installation

Product:

Cognos TM1 10.1.1PLANANALYTICS_Update_version=PLANANALYTICS-AW64-ML-RTM-10.1.7101.108-0Windows 2008 R2 ServerMicrosoft Office 2010

Symptom:When you start TM1 architect in a new installation you get a error message, you also get a error message when you start TM1 perspective.
Error message in windows event log on client:Log Name: ApplicationSource: SideBySideDate: 2013-10-02 14:07:57Event ID: 33Task Category: NoneLevel: ErrorKeywords: ClassicUser: N/AComputer: xxxxxDescription:Activation context generation failed for "D:\Program Files\ibm\cognos\tm1_64\bin\tm1xl.ocx". Dependent Assembly Microsoft.VC80.MFC,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="8.0.50727.762" could not be found. Please use sxstrace.exe for detailed diagnosis.Event Xml:<Event xmlns="http://schemas.microsoft.com/win/2004/08/events/event"> <System> <Provider Name="SideBySide" /> <EventID Qualifiers="49409">33</EventID> <Level>2</Level> <Task>0</Task> <Keywords>0x80000000000000</Keywords> <TimeCreated SystemTime="2013-10-02T12:07:57.000000000Z" /> <EventRecordID>4145</EventRecordID> <Channel>Application</Channel> <Computer>xxxxxxxx</Computer> <Security /> </System> <EventData> <Data>Microsoft.VC80.MFC,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="8.0.50727.762"</Data> <Data>D:\Program Files\ibm\cognos\tm1_64\bin\tm1xl.ocx</Data> </Data> </EventData></Event>
Activation context generation failed for "D:\Program Files\ibm\cognos\tm1_64\bin\tm1a.exe". Dependent Assembly Microsoft.VC80.MFC,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="8.0.50727.762" could not be found. Please use sxstrace.exe for detailed diagnosis.
Activation context generation failed for "d:\Program Files\ibm\cognos\tm1_64\bin\tm1prc.dll". Dependent Assembly Microsoft.VC80.MFC,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="8.0.50727.762" could not be found. Please use sxstrace.exe for detailed diagnosis.
Activation context generation failed for "d:\Program Files\ibm\cognos\tm1_64\bin\tm1xl.ocx". Dependent Assembly Microsoft.VC80.MFC,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="8.0.50727.762" could not be found. Please use sxstrace.exe for detailed diagnosis.
Cause:You have not installed C++ 2005 SP1.
Solution:Install Microsoft Visual C++ 2005 SP1 Redistributable Package (x86) from filevcredist_x86.exe Date 2013-09-02 Size 2660 KBFile version 6.0.3790.0
Right click on file and run as administrator to install it on your server (computer).
In error text: Microsoft.VC80.MFC means it is Microsoft Visual C++ version 8 (AKA 2005) Microsoft Foundation Classes.And version="8.0.50727.762" tells you what file you need to download and install.
Search on www.google.com to find the file to download from microsoft.
Download from herehttp://www.microsoft.com/en-us/download/details.aspx?id=5638
In control panel - program and features - it is listed as Microsoft Visual C++ 2005 Redistributable version 8.0.56336

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