How do I wrap an .exe into an .msi for GPO deployment

Is there a way to get Visual Studio 2003 to wrap an existing .exe into .msi so I can deploy software via a Group Policy?  I am upgrading our MRP software and it requires that I uninstall the old client and reinstall then new client every time we upgrade.  I would like, in the future not to have to go through this hassle.  If I can't do it with Visual Studio is there other software that can accomplish this?

Thank You
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You might want to look at Wise studio or InstallShield. Thet are not cheap, but they work. Macrovision Install Anywhere would be a cheap(er) way to go.

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