DCOM error in system log

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I have an error in the system event log which says:

The application-specific permission settings do not agrant Local Launch
permission for the COM server application with CLSID
{xxxxxxx-xxxxx-xxxxx-xxxxx} to the user NT AUTHORITY\SYSTEM SID
(S-1-x-xx). This security permission can be modified using the
Component Services administration tool.

On further investigation using the dcomcfg tool I discovered that that
the CLSID number represents MSEXCHANGEIS.

Does anyone know what is causing this and do I just add SYSTEM to the
groups or usenames in security settings for that dcom app and give it
local launch permissions?

.

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