Cannot initialize the data source object of OLE DB provider 'Microsoft.Jet.OLEDB.4.0' for linked server '(null)'.

hi this is my query

EXEC sp_configure 'show advanced options', 1
RECONFIGURE
GO
EXEC sp_configure 'ad hoc distributed queries', 1
RECONFIGURE
GO

insert into OPENROWSET( 'Microsoft.Jet.OLEDB.4.0', 'Excel 8.0;
Database=D:\TestDB\First.xls;;HDR=YES', 
'SELECT * FROM [Sheet1$]') 
select * from MasterData

and this error comes

OLE DB provider "Microsoft.Jet.OLEDB.4.0" for linked server "(null)" returned message "Unspecified error". Msg 7303, Level 16, State 1, Line 1 Cannot initialize the data source object of OLE DB provider "Microsoft.Jet.OLEDB.4.0" for linked server "(null)".

Please help