After installing SAE locally (standalone) and selecting a custom installation path, launching Internet Explorer (IE) causes Windows to display the following error:

A problem causes the program to stop working correctly.

Windows will close the program and notify you if a solution is available.
 

The error displays each time Windows IE is launched.
 

The following details are recorded in the Windows event log:

Log Name: Application
Source:  Application Hang
Event ID: 1002
Level:  Error
Description:
The program iexplore.exe version 8.0.6001.18904 stopped interacting with Windows and was closed. To see if more information about the problem is available, check the problem history in the Problem Reports and Solutions control panel. Process ID: 344 Start Time: 01ccf5dc60bd8ad1 Termination Time: 0