Hello Capt America,
Welcome to Microsoft Answers Forum!
I would suggest you to download and install Microsoft .Net framework manually and check whether it fixes the issue. To do so, please refer the link mentioned below:
If you have any issues installing Microsoft .net framework 2.0, then I would suggest you to refer the article which is mentioned below:
http://support.microsoft.com/kb/923100
I hope this information helps. Please get back to us if you have any more questions about this issue.
Thanks and Regards
Mir - Microsoft Answers Support Engineer ****Visit our http://social.answers.microsoft.com/Forums/en-US/answersfeedback/threads