How does one fix the problemd.... "application itunes helper.exe - mobile me service failed to start becasue missing MSVCR80.dll" ? This started after the last "update" of itunes

With a recent update of itunes, ( a couple weeks ago), when plugging in my iphone, itunes did not automatically launch...and when manually selecting itune to open I recieve the statement ...

"application itunes helper.exe - mobile me service failed to start becasue missing MSVCR80.dll" ?

I have gone to the itunes site and reloaded itunes....and did not fix the problem. ....help