That error can be related to directex not being up to the latest version. Please make sure you have Directx 9.0c installed.
http://www.microsoft.com/downloads/details.aspx?FamilyId=2DA43D38-DB71-4C1B-BC6A-9B6652CD92A3&displaylang=en
Alternativly, if that doesn't do the trick, you can browse the .cab files on the CD until you find the correct file, or get someone else you know that plays everquest to send you a copy and load it in the correct directory.