Problem Installing Crystal Reports Redistributable 64 bit version

I was trying to install Redistributable package for one of the software systems I am working on on my Windows 8 64 bit machine.  The install kept failing with an error.  It stated:

Error 1935. An error occurred during the installation of assembly component {XXXX

I enabled MSI logging.  As a result in the log file I saw this error:

MSI (s) (F4:10) [11:39:31:879]: Note: 1: 1935 2: {844EFBA7-1C24-93B2-A01F-C8B3B9A1E18E} 3: 0x80073715 4: IAssemblyCacheItem 5: Commit 6: Microsoft.VC80.CRT,version=”8.0.50727.4053″,publicKeyToken=”1fc8b3b9a1e18e3b”,processorArchitecture=”amd64″,type=”win32″
MSI (s) (F4:10) [11:39:31:879]: Assembly Error (sxs): Please look into Component Based Servicing Log located at %windir%logscbscbs.log to get more diagnostic information.
MSI (s) (F4:10) [11:39:34:410]: Product: SAP Crystal Reports runtime engine for .NET Framework (64-bit) — Error 1935. An error occurred during the installation of assembly component {844EFBA7-1C24-93B2-A01F-C8B3B9A1E18E}. HRESULT: 0x80073715. assembly interface: IAssemblyCacheItem, function: Commit, assembly name: Microsoft.VC80.CRT,version=”8.0.50727.4053″,publicKeyToken=”1fc8b3b9a1e18e3b”,processorArchitecture=”amd64″,type=”win32″

The fix after a long research was found here.  I just had to download and install this update, and the error went away.

Hopefully this will save you time as well.

Enjoy.