Do you have the XP installation package? You can right-click on it and choose Properties. Pick compatibility and set it to Run with XP (SP3) compatibility. Then see if it installs. If it appears to install, test it to be sure.
OR
Do you have at least 2GB RAM, preferably 3GB+ ? Have you downloaded and installed
Virtual PC - XP mode from Microsoft? If so then open a Virtual XP window and install your scanner there. You will have to scan in the Virtual environment but the files can then be saved to folders outside the virtual environment which can then be used by any program installed in W7.