I just installed FASe onto one of the Citrix 4.5 Farm Servers and now I am getting the following error message:

License Manager
.NET framework version error, error code 807.

The application opens when I click okay -- but it runs unlicensed:

0/2009 11:19:18 AM -- _____________________________________________________________________________________
3/10/2009 11:19:18 AM -- Farm Monitor Version: 4.0.1.0 Build: 1214 starting.
3/10/2009 11:19:18 AM -- OS platform: Win32NT
3/10/2009 11:19:18 AM -- File: C:\Program Files\Gourami\FASe\fm.cfg not found, creating default options.
3/10/2009 11:19:20 AM -- Connected to a Presentation Server 45 farm.
3/10/2009 11:23:57 AM -- Unlicensed - get a license at www.gourami.eu

Thinking it might be a licensing issue i did the following:
Deleted the license file and then pasted in the license key and it accepted the key and created a new license file. Everything looks like it is going to work -- but when I click on any application (except the farm monitor) I get the same .net error.

I have .net 2.0 SP1, .net 3.0 SP1 and .net 3.5 SP1 installed.

I also installed downloaded and installed these updates from Microsoft thinking this would resolved the issue -- but no luck:
http://www.microsoft.com/downloads/details.aspx?familyid=6c095bba-6100-4ec9-9c54-6450b0212565&displaylang=en&displaylang=en

Here is the log file after tyring again to start the app

3/10/2009 8:27:52 PM -- Published Applications Utility Version: 4.5.1.8 Build: 604 starting.
3/10/2009 8:27:52 PM -- Connected to a Presentation Server 45 farm.
3/10/2009 8:27:54 PM -- Unlicensed - get a license at www.gourami.eu
3/10/2009 8:27:54 PM -- Busy finding a citrix environment...
3/10/2009 8:27:54 PM -- √ Farm object succesfully created

Please let me know how to proceed.