what season are u using ? if its 6 try use the databases from sctf that fixed my problem i had exactly the same thing(also use sctf files, at least they are working for me at win 2003 sp2 x32bit
did you check the eventserver folder> svconfig.ini...if im not mistaken...
did you configured the odbcad32.exe...which is connection status..of your database...
can you post the svconfig.ini of your eventserver...and also the odbc screen shot..which database is connected..??