I installed the 4.86 as instructed.
When I run the freelancer.exe from 4.86 folder it gives me an error: Freelancer can not locate your 3d Card. If you have it installed, try rebooting or reinstall the game and everything quits.
When I run the freelancer.exe from the original folder everything works fine.
My video card is a built it Inter® Extreme Graphics 2. It worked fine with 4.85.
Please advise.
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I am sure you have enabled the bloom effects option when installed 4.86 ,so bloom effects require 3d card , and your built in intel card is not enough for this bloom option.
So go to freelancer EXE folder of 4.86 and delete d3d8.dll file , to fix it ,hope it will help .Good luck;)