"Icon image is not valid"

I just bought Delphi 4 Standard, on CDROM.

I installed it with all the defaults.

I re-booted.

I tried to run it, and got error dialog box:

"Icon image is not valid"

... and it won't put the Form1 on the screen.

I obtained the d4supd1.exe Service Pack 1
and installed it.

Same problem.

Please, can somebody help me?

I have a Micron Millennia 200MHz Pentium
w/ 64Meg RAM
and Diamond Stealth 3D 2000 Pro w/S3 Virge DX 4M video

Does Delphi not run on this machine?

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