Status of package 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)' after install is 'InstallFailed'

Trying install Crystal Reports Basic for Visual Studio 2008 in XP Pro SP2 and hit bellow error.

The following properties have been set:
Property: [AdminUser] = true {boolean}
Property: [ProcessorArchitecture] = Intel {string}
Property: [VersionNT] = 5.1.2 {version}
Running checks for package 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)', phase BuildList
Running MsiProductCheck with ProductCode '{AA467959-A1D6-4F45-90CD-11DC57733F32}'
MsiQueryProductState returned '-1'
Setting value '-1 {int}' for property 'CRVSInstalled'
Running MsiProductCheck with ProductCode '{CE26F10F-C80F-4377-908B-1B7882AE2CE3}'
MsiQueryProductState returned '-1'
Setting value '-1 {int}' for property 'CRVSRunTimex86Installed'
Running MsiProductCheck with ProductCode '{2BFA9B05-7418-4EDE-A6FC-620427BAAAA3}. '
MsiQueryProductState returned '-2'
Setting value '-2 {int}' for property 'CRVSRunTimex64Installed'
The following properties have been set for package 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)':
Property: [CRVSInstalled] = -1 {int}
Property: [CRVSRunTimex64Installed] = -2 {int}
Property: [CRVSRunTimex86Installed] = -1 {int}
Running checks for command 'CrystalReports10_5\CRRedist2008_x86.msi'
Result of running operator 'ValueNotEqualTo' on property 'ProcessorArchitecture' and value 'Intel': false
Result of running operator 'ValueGreaterThan' on property 'CRVSInstalled' and value '0': false
Result of running operator 'ValueGreaterThan' on property 'CRVSRunTimex86Installed' and value '0': false
Result of running operator 'ValueEqualTo' on property 'AdminUser' and value 'false': false
Skipping FailIf because Property 'Version9x' was not defined
Result of running operator 'VersionLessThan' on property 'VersionNT' and value '5.00': false
Result of checks for command 'CrystalReports10_5\CRRedist2008_x86.msi' is 'Install'
Running checks for command 'CrystalReports10_5\CRRedist2008_x64.msi'
Result of running operator 'ValueNotEqualTo' on property 'ProcessorArchitecture' and value 'AMD64': true
Result of checks for command 'CrystalReports10_5\CRRedist2008_x64.msi' is 'Bypass'
'Crystal Reports Basic for Visual Studio 2008 (x86, x64)' RunCheck result: Install Needed
EULA for components 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)' was accepted.
Copying files to temporary directory "C:\DOCUME~1\ADMINI~1\LOCALS~1\Temp\VSD1.tmp\"
Copying from 'C:\Documents and Settings\Administrator\Desktop\XinInvoiceSetup2_new\XinInvoiceSetup2\CrystalReports10_5\CRRedist2008_x86.msi' to 'C:\DOCUME~1\ADMINI~1\LOCALS~1\Temp\VSD1.tmp\CrystalReports10_5\CRRedist2008_x86.msi'
Verifying file integrity of C:\DOCUME~1\ADMINI~1\LOCALS~1\Temp\VSD1.tmp\CrystalReports10_5\CRRedist2008_x86.msi
WinVerifyTrust returned 0
File trusted
Running checks for package 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)', phase BeforePackage
Running MsiProductCheck with ProductCode '{AA467959-A1D6-4F45-90CD-11DC57733F32}'
MsiQueryProductState returned '-1'
Setting value '-1 {int}' for property 'CRVSInstalled'
Running MsiProductCheck with ProductCode '{CE26F10F-C80F-4377-908B-1B7882AE2CE3}'
MsiQueryProductState returned '-1'
Setting value '-1 {int}' for property 'CRVSRunTimex86Installed'
Running MsiProductCheck with ProductCode '{2BFA9B05-7418-4EDE-A6FC-620427BAAAA3}. '
MsiQueryProductState returned '-2'
Setting value '-2 {int}' for property 'CRVSRunTimex64Installed'
The following properties have been set for package 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)':
Property: [CRVSInstalled] = -1 {int}
Property: [CRVSRunTimex64Installed] = -2 {int}
Property: [CRVSRunTimex86Installed] = -1 {int}
Running checks for command 'CrystalReports10_5\CRRedist2008_x86.msi'
Result of running operator 'ValueNotEqualTo' on property 'ProcessorArchitecture' and value 'Intel': false
Result of running operator 'ValueGreaterThan' on property 'CRVSInstalled' and value '0': false
Result of running operator 'ValueGreaterThan' on property 'CRVSRunTimex86Installed' and value '0': false
Result of running operator 'ValueEqualTo' on property 'AdminUser' and value 'false': false
Skipping FailIf because Property 'Version9x' was not defined
Result of running operator 'VersionLessThan' on property 'VersionNT' and value '5.00': false
Result of checks for command 'CrystalReports10_5\CRRedist2008_x86.msi' is 'Install'
'Crystal Reports Basic for Visual Studio 2008 (x86, x64)' RunCheck result: Install Needed
Verifying file integrity of C:\DOCUME~1\ADMINI~1\LOCALS~1\Temp\VSD1.tmp\CrystalReports10_5\CRRedist2008_x86.msi
WinVerifyTrust returned 0
File trusted
Installing using command 'C:\WINDOWS\system32\msiexec.exe' and parameters ' -I "C:\DOCUME~1\ADMINI~1\LOCALS~1\Temp\VSD1.tmp\CrystalReports10_5\CRRedist2008_x86.msi" -q /norestart'
Process exited with code 1603
Status of package 'Crystal Reports Basic for Visual Studio 2008 (x86, x64)' after install is 'InstallFailed'

Fix:
Install .NET 2.0 Framework will solve the problem