I haven't played the game on my pc for a while, but the last time I checked the game logs, it said that my version of Windows is too new (Windows 10). I know that this game is really old and probably too hard to update, but I think that there should be a patch so that any version of Windows (XP and newer, at least) can run it without that really annoying title music playing at the end of the race. I really think that the title music is ok, but only in the title screen, but while the game is crashed makes no sense.
Sorry, I don't have a copy of the log.
You should be able to find a Windows compatibility mode that will allow you to play.
Check the following article for info on running the compatibility troubleshooter: http://windows.microsoft.com/en-us/windows-8/older-programs-compatible-version-windows