Yes and No. You will be able to execute the program but when it encounters a spot where it needs to use some object or method in MDAC it will produce the following error:
"Error 430: Class Does Not Support Automation"
Tip: The easiest way to diagnose and fix this problem is with SSW Diagnostics.
SSW Diagnostics can help you keep your system up to date. It will scan your system to find software incompatibilities and recommended updates.
Download it for free right now: SSW Diagnostics Home
Run Diagnostics and get all items to green ticks!
You can also get the latest MDAC direct from the Microsoft website at: www.microsoft.com/data