This will work for virtual drives and physical drives.

Insert your DVD(or mount image) into your drive and when VTT install starts; CANCEL
the intall�
Leave PTT-VTT DVD in drive, then select your drive letter from above box.
Once you have selected your drive letter pess ==> Install Development
When PTT-VTT has started installing you may close this aplication.
After PTT-VTT is installed check that the update utility Development 1.12 updates
also.
If the update utility seeks updates for development as Tech tool then all s well!
You must return to screen to activate VTT Developer after successful install.

activator is free, but if you still cannot make it work i can help you (my time is
not free) over tiemviewer
contact skype "volvosupport"