Tried this? "Locate the atigktxx.dll and atioglxx.dll file, change their names, move them to a different directory or delete them. Now check if the issue persists. If you are able to open the main menu, but the game crashed when you press Play. Please go to the options menu in the Graphics options go to Advanced and turn off Frame Buffer Effects."
Don't buy old games from Steam. GOG is for that. Steam versions of old games tend to be poorly packaged, unpatched, and generally I trust them not at all. I'm not the first to observe this, either - it was quite gratifying to run into a vid by TotalBiscuit (which I cba to find right now) talking at length about the poor quality control for old games on Steam.
Hell, Planescape Torment recently got released with a modern Enhanced Edition on both Steam and GOG at the same time - you'd think it'd be an equally good deal? Nope, the GOG version included other downloads - most importantly, the classic version (the one that community mods work with), Steam's did not.
At this point I just don't buy games from Steam unless it's a heavy discount or I need it to connect in multiplayer.