TCC Can't find WScript.exe where it says it is

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I just ran into the following. I tried executing a
VBS file and got a message that TCC couldn't find WScript.exe, but it
is located exactly where TCC said it was looking for it.

I'm confused…
Anyone have a clue as to what I'm not getting ?

Projects\ ver /r

TCC 9.02.152 Windows XP
[Version 5.1.2600]
TCC Build 152 Windows XP
Build 2600 Service Pack 3
Registered to TecDoc
Digital Solutions - 2 System License

D:\!VBS Projects\
TCC: (Sys) The system
cannot find the path specified.

D:\!VBS Projects\ echo

D:\!VBS Projects\ dir

Volume in drive C is
unlabeled Serial number is 4c8a:5146
Directory of

5/08/2008 7:24a
155,648 wscript.exe
155,648 bytes in 1
file and 0 dirs 155,648 bytes allocated
400,600,739,840 bytes free

D:\!VBS Projects\

Mr. Jiggs