Open SETUP.LST in Notepad. You will see the following section.
[Bootstrap Files]
File1=@VB6STKIT.DLL,$(WinSysPathSysFile),,,7/15/00 12:00:00 AM,101888,6.0.84.50
File2=@COMCAT.DLL,$(WinSysPathSysFile),$(DLLSelfRegister),,5/31/98 12:00:00 AM,22288,4.71.1460.1
File3=@STDOLE2.TLB,$(WinSysPathSysFile),$(TLBRegister),,6/3/99 12:00:00 AM,17920,2.40.4275.1
File4=@ASYCFILT.DLL,$(WinSysPathSysFile),,,3/8/99 12:00:00 AM,147728,2.40.4275.1
File5=@OLEPRO32.DLL,$(WinSysPathSysFile),$(DLLSelfRegister),,3/8/99 12:00:00 AM,164112,5.0.4275.1
File6=@OLEAUT32.DLL,$(WinSysPathSysFile),$(DLLSelfRegister),,4/12/00 12:00:00 AM,598288,2.40.4275.1
File7=@msvbvm60.dll,$(WinSysPathSysFile),$(DLLSelfRegister),,8/27/05 8:02:02 PM,1385744,6.0.96.90
Change this section by commenting out File3 through File7. You do this by placing a semicolon at the beginning of each line. This section should now look like the following.
[Bootstrap Files]
File1=@VB6STKIT.DLL,$(WinSysPathSysFile),,,7/15/00 12:00:00 AM,101888,6.0.84.50
File2=@COMCAT.DLL,$(WinSysPathSysFile),$(DLLSelfRegister),,5/31/98 12:00:00 AM,22288,4.71.1460.1
;File3=@STDOLE2.TLB,$(WinSysPathSysFile),$(TLBRegister),,6/3/99 12:00:00 AM,17920,2.40.4275.1
;File4=@ASYCFILT.DLL,$(WinSysPathSysFile),,,3/8/99 12:00:00 AM,147728,2.40.4275.1
;File5=@OLEPRO32.DLL,$(WinSysPathSysFile),$(DLLSelfRegister),,3/8/99 12:00:00 AM,164112,5.0.4275.1
;File6=@OLEAUT32.DLL,$(WinSysPathSysFile),$(DLLSelfRegister),,4/12/00 12:00:00 AM,598288,2.40.4275.1
;File7=@msvbvm60.dll,$(WinSysPathSysFile),$(DLLSelfRegister),,8/27/05 8:02:02 PM,1385744,6.0.96.90
In theory, this should make setup.exe work correctly.