I am assuming you are running Vista or Windows 7. According to Microsoft this error is an issue with .NET framework. They suggest you turn off .Net, restart your computer, then turn .NET back on. Here are the instructions they give you.
Error code 0x80131700 is usually relevant to the old version of .NETFramework installed on your system. By default, the built-in version ofMicorosoft .NET Framework is 3.5.1. You can reinstall Microsoft .NETFramework 3.5 Service Pack 1 through the following steps:Step 1:
a) Click the Start and type: "features" in the Search box.
b) Select "Turn Windows Features on or off " and click Enter.
c) Find Microsoft .NET Framework 3.5.1 and uncheck the box.
d) Restart the computer.
e) Repeat the step 1) to step 2.
f) Check the box before Microsoft .NET Framework 3.5.1.
g) Restart the computer.Step 2:
If the issue persists, then I suggest you to perform the process by booting the computer in Clean Boot and check.http://support.microsoft.com/?id=929135Note
: Follow the step 7 to restart your computer as usual.