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In Visual Studio 2012, when installing Enterprise Developer or Visual COBOL, Windows versions greater than and including Windows 7 reports an issue (pictured below) which requires a Visual Studio 2012 update to be downloaded from Microsoft to resolve.
This is a Microsoft known problem.
To resolve it, follow the instructions in the notification for obtaining help online, or download the KB2781514 update for Visual Studio 2012 from the Microsoft Download Center.