Visual Studio 2005 installation error

On a new computer, I tried to install a windows application to connect to a remote computer and I get this error:
"the application requires that assembly system.identitymodel version 3.0.0.0 be installed in the global assembly cache first"

The application installs with no problem on other PCs

Thanks for your help!
dave_skyAsked:
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Peter HutchisonConnect With a Mentor Senior Network Systems SpecialistCommented:
What versions of .NET Framework do you have installed? 2.0, 3.0, 3.5, 4.0?
What version of Visual C++ Redistibutable Runtimes do you have installed?
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dave_skyAuthor Commented:
Thanks again!
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