Pretty old LW version you're trying to run....
So my first advice would be:
If you still have installer .exe of your old LW version, save it onto your desktop.
Go START>Program>LimeWIre>Uninstall and remove the old LW version.
Then Go START>Search for Files and Folders> and type (without apostrophes) " .limewire " (yep, that point must be in front of the word) and locate this folder. When you have found it, delete it.
Then go to :
Lime Wire » Official Website & Free Download, BitTorrent « and download the newest basic version of LW for free. Download the offline installer of that version.
Then install it and restart your computer.....
Cheers
FOTH