Unfortunatly that doesn't work. That was one of the original things that I tried before I uninstalled and then reinstalled VWD. I'm looking now and my path reads as:

C:\Program Files\Microsoft Web Designer Tools\VWD;C:\Program Files\CA\Dcs\DMScripting\;C:\Program Files\CA\DCS\CAWIN\;C:\Program Files\Windows Resource Kits\Tools\;%SystemRoot%\system32;%SystemRoot%;%SystemRoot%\System32\Wbem;C:\PROGRA~1\CA\ETRUST~1;c:\ut\gen;C:\Program Files\GnuWin32\bin;C:\Program Files\Microsoft SQL Server\80\Tools\Binn\;C:\Program Files\Microsoft SQL Server\90\Tools\binn\;C:\Program Files\Microsoft SQL Server\90\DTS\Binn\;C:\Program Files\Microsoft SQL Server\90\Tools\Binn\VSShell\Common7\IDE\;C:\Program Files\Microsoft Visual Studio 8\Common7\IDE\PrivateAssemblies\;C:\PROGRA~1\CA\SHARED~1\SCANEN~1;C:\SYSMGT\TNGSD\BIN;C:\SYSMGT\TNGAM\AGENTS 

waheed1

I had the same issue ... finally got to the bottom of it:

Within my environment path variable I had MS office path defined as follows:

C:\Program Files\Microsoft Office\Office10

This contains an old version of fpcutl.dll, which VWD ends up using.

To solve the problem add C:\Program Files\Microsoft Web Designer Tools\VWD to the start of your path variable.