Missing python27.dll on Win 7 64-bit


I am building a 32-bit C++ application using Visual C++ Express 2008 on 64-bit Windows 7. The application links to Python, so I installed 32-bit Python 2.7.2 by running python-2.7.2.msi.

When I run my app, I get error:

.... python27.dll is missing from your computer ...

and, indeed, it is in neither C:\Windows\System32 nor C:\Windows\SysWOW64.

Please will someone suggest what I am doing wrong?

Best regards