Use Windows 8/8.1 DDRAW FPS Fix.
If nothing happens when you click the .exe you might have to try running the game in Windows 98 compatibility-mode. To do this right-click avp2.exe, click options and go to the compatibility-tab. Check the compatibility-box and choose Windows 98.
Running the game as an administrator has also prove useful in launching the game for some people.
If it says something about "MFC Application Client" - Check the Windows Event Log for the application error - if it refers to a \system32\HID.DLL then you're probably using a gaming-keyboard or similar, try disabling the HIDs related to your gaming-peripherals or you can also set the compatibility. This error seems to also occur more often when running in Fullscreen mode; consider using Windowed mode (possibly in conjunction with the Borderless Gaming utility).