It's not necessary to use another software in order to run the application on your Windows 7 64-bit computer. I suggest you to try Windows 7 Compatibility Mode. Right click on the program icon and go to Properties > Compatibility tab. Check the Run this program in compatibility mode for box and select a compatible Windows operating system from the drop-down list. Click Apply and then OK. Also, since the application is compatible with Windows XP, you can use Windows XP Mode. It is a free utility developed by Microsoft that allows you to run programs compatible with Windows XP directly on a Windows 7 computer.
It's not necessary to use another software in order to run the application on your Windows 7 64-bit computer. I suggest you to try Windows 7 Compatibility Mode. Right click on the program icon and go to Properties > Compatibility tab. Check the Run this program in compatibility mode for box and select a compatible Windows operating system from the drop-down list. Click Apply and then OK. Also, since the application is compatible with Windows XP, you can use Windows XP Mode. It is a free utility developed by Microsoft that allows you to run programs compatible with Windows XP directly on a Windows 7 computer.