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To fix this I had to do the following
Start > Administrative Tools > Component Services
In Component Services
Expand:
Component Services > Computers > My Computer > DCOM Config
Select “netman” from the list in the right window.
Right click “netman” select “properties”
In the “Netman Properties” window select the “Security” tab.
In the “Security” tab look for “Launch and Activation Permissions”. Select
Customize then click on the “Edit” Button.
In the “Launch Permissions” window click on the “Add” button.
Type in “Network Service” in the “Enter the object names to select” box.
Click on the “Ok” button.
Select the “Network Service” in the Launch Permission “Security” Tab, Group
or user names area and give it (allow rights) for “Local Launch” and “Local
Activation”
Click “Ok”
Click “Ok”
Close Component Services.
Check the event view to make sure the errors stop occurring.
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