The following code snippet can be build in VC 6.0, but failed in VC 2003.
//////////////save the following code in t.cpp
#define _MT
#define _WIN32_WINNT 0x0500
#include <iostream>
#include <process.h>
#include <windows.h>
#pragma comment(lib,"libcmt.lib")
__int64 Counter=0;
BOOL volatile stop_thread = FALSE;
void __cdecl BasicThreadProc( void* pArguments )
{
__int64* p = (__int64*)pArguments;
__int64& c = *p;
std::cout<< "In BasicThreadProc...\n" ;
while(!stop_thread)
 c +=1;
std::cout<<"result:";
char buf[32];
_i64toa(c, buf, 10);
std::cout<< buf;
std::cout<<std::endl;
}
int main()
{
_beginthread(BasicThreadProc,0,(void*)&Counter);
   HANDLE hTimer = NULL;
   LARGE_INTEGER liDueTime;
   liDueTime.QuadPart=-100000000;
   // Create a waitable timer.
   hTimer = CreateWaitableTimer(NULL, TRUE, "WaitableTimer");
SetWaitableTimer(hTimer, &liDueTime, 0, NULL, NULL, 0);
   WaitForSingleObject(hTimer, INFINITE);
CloseHandle(hTimer);
stop_thread = true;
getchar();
return 0;
}

I use the following file to build this cpp file
call "C:\Program Files\Microsoft Visual Studio\VC98\Bin\VCVARS32.BAT"
cl /TP "C:\Temp\t.cpp"
del "C:\Temp\t.obj"
pause

call "D:\Apps\vs2003\Vc7\bin\vcvars32.bat"
cl /TP "C:\Temp\t.cpp"
del "C:\Temp\t.obj"
pause