I am attempting the following code and getting a run-time error '429'

Activex component can't create object.

No matter I have regged it on my PC and included a ref to it from the VB.

VB Code:
  1. Private Sub Command1_Click()
  2.  
  3.     Dim inet As KHTTPLib.inet
  4.     Set inet = CreateObject("KHTTPLib.inet")
  5.      
  6.     inet.openurl ("http://www.yahoo.com/")
  7.    
  8.     Text1.Text = inet.content
  9.    
  10.     Set inet = Nothing
  11.    
  12. End Sub

Anyone help me out?