Try This. It worked in my case. (Win 7 64-bit).
VSS Errors Occur on Windows Server 2008 Systems
Valid on Windows Server 2008 platforms.
Symptom:
Database level backup jobs complete successfully and Windows Event ID 8194 appears in Windows Event Viewer.
Environment:
Microsoft Exchange Server 2007 is installed on a Windows Server 2008 x64 system.
Solution:
Event ID 8194 relates to Volume Shadow Copy Service errors.
For more information, see the Microsoft support website. You can eliminate the error condition by adding the access permissions for the Network Service
account to the COM Security of the affected server. To add the access permissions for the Network Service account, do the following:
From the Start Menu, select Run
The Run dialog opens.
In the Open field, input dcomcnfg and click OK.
The Component Services dialog opens.
Expand Component Services, Computers, and My Computer.
Right-click My Computer and click Properties on the pop-up menu.
The My Computer Properties dialog opens.
Click the COM Security tab.
Under Access Permission click Edit Default.
The Access Permissions dialog opens.
From the Access Permissions dialog, add the Network Service account with Local Access allowed.
Close all open dialogs.
Restart the computer