DTS Error - ActiveX component can't create object

When a SQL Server 7.0 Job executes a DTS package which
executes/calls an ActiveX Component, the Job will fail
with the Error: -2147220482 (800403FE) Microsoft VBScript
runtime error Error Description: ActiveX component can't
create object.

However, when the DTS Package is run interactively from my
workstation, the DTS Package will execute successfully.
If we reinstall the standard system files on SQL Server
(7.0) and reboot the server, the problem disappears and
the DTS package will complete successfully when run from a
Job. Though restoring the standard system files and
rebooting the server resolves the problem, rebooting the
server is not a satisfactory solution when it's a
production server used continously.

Any ideas?
Ted C Schumacher Jr.