We happen to get the following error while installing VSE on a Win 2003 server.
A quick Google shows that the 1316 error appears to be a MSI installer error.
Try uninstalling all previous versions of VSE and Agent, reboot and re-install.
Failing that try the Microsoft Installer Cleanup utiltiy http://en.wikipedia.org/wiki/Windows_Installer_CleanUp_Utility it's been retired but will work for McAfee software. Find the VSE and Agent entries and click remove. Reboot and then re-install.
Download the new ePolicy Orchestrator (ePO) Support Center Extension which simplifies ePO management and provides support resources directly in the console. Learn more about ePO Support Center
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