CubaseSX 1.x & Windows7Ultimate64bit

Is there any way to make CubaseSX 1.x 32bit work on a PC running Windows7Ultimate 64bit?
My PC that currently has CubaseSX 1.x installed on, has 1GB memory and uses WinXP. But I also have a PC that has 6GB of memory but is a 64bit processor running Windows 7 ultimate. Obviously I would like to use Cubase with the latter, any ideas? If anyone can let me know if that’s possible I can explore the notion further. I have tried launching it on Virtual PC from within Win7 but couldn’t get any sound.