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I had same problems with the game. Thanks to recommended choosing of Windows 98 vs 95 made all the difference. This is in regards to the out of memory (exnilptr)

What I did:
1) Go onto the cd in xp and change ALL .exe files to compat. settings:
windows 95, and all boxes checked.
2) Now install it and you shouldn't encounter any error messages during install.
3) Now go into the folder where you installed it and change the compat feature for AG.exe to:
windows 98 and all boxes checked.

It should work. I hope this helps anyone out there having the same issue as I did.

One side note, the wing dll others mentioned, is an older version, so you might want to be careful and make sure you back up the original as I have no idea what changing will have on your system. So check before you download something you might not need or could do damage