Error description:
If during creation of a Virtual CD script a program is selected in the Program and working directory section the following error box pops up:

"file name.exe
This file has read-only access.
Try with another file."

This error occurs only if the selected program file has a read-only attribute, i.e. because it is on a virtual CD.

Resolution:
Please do not browse the program file but enter path and file name manually.