running old programs on windows 7 64 bit?

[hargi]

Just a quickie, I have been passed a an old cd of software to put on a laptop windows 7 home premium 64bit. When I goto install it is comes up with "The program featured cannot start or run due to incompatibility with 64-bit version of windows"

Is there anyway of getting round this?

TIA

 

[hargi]

Its the home premium version,
VM is not an option its for someone thats not that techie

 

[hargi]

Its an educational bit of software called testbase. Which they have now updated to be a paid for online tool. But we have to original CD version, I have tried the right click compatibility mode and setting it to run as xp still same error?