Where did you get that installer from? What size is it?
What files do you have in C:\Windows\system32\Macromed\Flash ?
flashplayer10_3r181_34_winax.exe (3,124,384 bytes) came from
through a link on http://kb2.adobe.com/cps/142/tn_14266.html.
Since then, I ran uninstall_flash_player.exe on the Windows XP computer and then re-installed the ActiveX Flash Player using http://get.adobe.com/flashplayer/. That worked and IE now shows Flash Player version 10.3.181.34. I suspect the files now under C:\Windows\system32\Macromed\Flash are not going to be very useful.