The error appears after any create, insert or update statement - i.e. creation of table with a statement:
CREATE TABLE TESTME AS SELECT 1 AS A
The action desired is performed (i.e. table is created), but the Squirell comes back with a message:
Error: [Microsoft][ODBC Driver Manager] Function sequence error
I have read on the net it might have something to do with the functions SQLExtendedFetch and SQLBulkOperations being fired in bad order since Microsoft Jet 4.0 ODBC driver.