Please note:

You'll need the vb40032.dll,olepro32.dll and msvcrt40.dll
you can download it at:
http://www.imaginet.fr/~schmitt/emuls/

If you use VGB Launchpad < 1.1 then delete the old vgblp.ini
which is not compatible with this version !
If you encounter problems with VGB-DOS.EXE location,install
VGB LaunchPad in the same directory.