Application failed to initialize when starting T3D

Rebuilt a new machine and cannot get T3D to load on it. XP Sp3, has Physx and newest DirectX. Tried uninstalling and reinstalling but still get "Application failed to initialize properly(0xc0150002).

I can't even run the Tool Box. I have been able to do that even with outdated DirectX drivers. Loading game would bomb, but Tool Box would still load.

I could not load AFX2 T3D, but I could load AFX2 TGE and AFX2 TGEA.

Can't think of what else I might have missed. Using same video card and drivers I have used on another computer.

Got any suggestions?

Edit: Ok, my post gave me an idea to go test. I can actually play the games if I go manually start them up. So it is the Tool Box that is not loading and giving the error.