My first question is, have you changed anything software or hardware-wise on your computer since it last worked?
Have you rebooted? And tried everything again?
VXD VMM is a virtual memory module related to your graphics driver, so I would guess that this "blue screen of death" has something to do with your graphics driver. If you know how, and you have the drivers handy, it might not be too hard to reinstall your video card's drivers and try to run it again.
[sorry if some of my questions above were comp. problems, I've always found that it's good to start with the most obvious first ]