I had success installing the game and to run it with compatibility mode "Win95" and only 256 colours.
But only the main menue runs (music and sounds do work), but when I try to run a level, it loads it and cancels with an exception, which I cant see (I only hear the exception sound), and after pressing space, the game disappears.
 
This is the debug log:

Quote:___begtext: 00410003Command line parameters:
timer_freq: 12476763.000000 (0000000000BE615B)
1997 UTOPIA TECHNOLOGIES, INC. V1.29
entering event loop
level001.pal not found
t1.sat not found
t1.tsm not found
Warning: Texture not found (ž)
Warning: Texture not found (ž)
BETTY.POR not found
BOB.POR not found
SUE.POR not found
PRELOAD.POR not found
TREEZ.KIP not found
GEM2Z.KIP not found
BANANAZ.KIP not found
PEARLZ.KIP not found
HAWKZ.KIP not found
TFLAMEZ.KIP not found
BETTY.RAT not found
BARSZ.KIP not found
GEKEYZ.KIP not found
PLBUTTZ.KIP not found
ZIPPOZ.KIP not found
GPEARLZ.KIP not found
WARNING: couldn't find room "TOEND"
WARNING: couldn't find room "TOEND"
BPEARLZ.KIP not found
SKULLZ.KIP not found
FLAMEZ.KIP not found
WATPOLEZ.KIP not found
ERROR: rooms ENTERT ( -62.028290 -10.106184 3.881868 -48.561989 6.767896 61.752869 )
and FALL ( -64.488251 -52.372444 -32.102234 -46.552395 -8.095842 4.633364 ) intersect
 
ERROR: rooms ENTERT ( -62.028290 -10.106184 3.881868 -48.561989 6.767896 61.752869 )
and FALL ( -64.488251 -52.372444 -32.102234 -46.552395 -8.095842 4.633364 ) intersect
 
FLEXO3Z.KIP not found
FLEXO3BZ.KIP not found
BOB.RAT not found
RPEARLZ.KIP not found
HANDLEZ.KIP not found
WARNING: couldn't find room "FANCY"
WARNING: couldn't find room "SECRET"
SUE.RAT not found
F2Z.KIP not found
mapman_generate_areas: Loaded area 'WATERG'
mapman_generate_areas: Loaded area 'SECRG1'
mapman_generate_areas: Loaded area 'SECRG2'
mapman_generate_areas: Loaded area 'JEFFRAT'
mapman_generate_areas: Loaded area 'DRUMRAT'
mapman_generate_areas: Loaded area 'PLACE'
mapman_generate_areas: Loaded area 'UPWEGO'
mapman_generate_areas: Loaded area 'SECTOUP'
mapman_generate_areas: Loaded area 'EXIT'
mapman_generate_areas: Loaded area 'NGCAVE'
STARSZ.KIP not found
IMPSTARZ.KIP not found

 
It seems like some files are missing, but I installed it correctly.
If it is an important information: I have this game from the "ComputerbildSpiele"-magazine (German video games magazine) (Avril 2000).
 
If anyone has an idea what went wrong here, please tell me!