OK, that's good, a bit more insight into the problem...
Click Start>Settings>Control Panel>Printers and Faxes
Your printer should appear. Right-Click the printer and select Properties.
Click the "Ports" tab
A list of possible printer ports appears, If you have a USB printer connected, down the list should be a port labeled USB 001 virtual printer port for xxxxxxx (xxxxx is the name f your printer). (It may be a different number than USB 001, could be 002 or whatever was available to Windows to use.)
Check the box there and click apply then Ok.
It should work now.
If you have a parallel printer, check the box for the parallel printer port (LPT1)(or 2, or 3 as the case may be), etc for whatever type printer you have.