Windows 7 Executable Path

Hi guys! I recently installed Windows 7 onto my computer as an upgrade. I downloaded and installed Lotro and firstly found my C++ was missing. I easily downloaded and installed it without any problems. I double click the ring icon and the launcher pops up. I enter my details and select the realm I want to play...A "windows explorer" pops up with the name "Where is the Lotro Executable"? I continue to click on the "lotroclient", and this is what pops up....



Im guessing it has something to do with the path? I just don't know what to do from here....(I REALLY do NOT want to re-download the game ): )


Thanks!