Steps to Install XBox Client Software.

1) Run the Setup.exe file from the setup floppy supplied with the software.
2) Choose the Destination Directory and Program File name to install the software.
3) Type the IP address(in the format 0.0.0.0) for the network for the machine where XBox is installed for the XBox.vbr file.

Steps to configure XBox Server
1)Run DCOmCNFG (Go to the Startup menu and click Run and type DCOMCNFG and press Enter)
2)Click on the Component Services ---> Click on the Computers ---> Click on My Computer
3)Click DCOM Config
4)Under DcOM Config, Try to locate the X_BOX_LCD.XBoxNetwork. RightClick and open the Properties.
5)On the General Tab (at the top) Set the Authentication Level to None
6)On The Security Tab (at the top) Select the Access Permissions as Customised and Click Edit Button.
7)On the new Security Dialog Box Click on Add.
8)On the new Select Users or Groups type Everyone; Guest below the Enter the object names to select and Click OK
9)Click Ok on the Access Permission Dialog Box
10)Click the Identity tab (at the top) and Select the Interactive User
11)Now Click on the Apply and Ok Button.

Now try to run  the XBox Network Client software. It should be able to connect the Xbox.
If it still not able to connect the Xbox follow the steps underneath.
Steps to configure XBox Client Software
1) Run DCOmCNFG (Go to the Startup menu and click Run and type DCOMCNFG and press Enter)
2) Look for X_BOX_LCD.XBoxNetwork or the Id:- (960D97E4-C5B5-476A-9E5C-99DDB8B090E6) and click on properties 
3) Check whether the Authentification Level set to None (If it is default set it to None)
4) Check whether the right IP Address (of the X-Box) is set in the Run the Application from the following Computer on the Location Tab.

