Dosbox has a config file which can be modified to make this game work. Check out This link for a better description of how to make this game run properly
Alternatively...
The game works great with 0.72.But first i followed the next steps to play the game:
1)In the game folder created after the installation put the univesa.exe and the vesatest.exe files.
2) Edit the "Afraid.bat" file and after the second line ("@rem run game normally")write univesa.exe and under that vesatest.exe
3)Save changes in the "Afraid.bat" file
4)Start the game using the "Afraid.bat" file (not the Afraidd.bat file, that's only a playable Demo)
These steps are necessery to make it work properly because although the game will be installed normally, the Vesa Driver will not be recognised, so that wenn the game starts the screen is really bad.
If for some reason a system can't work with univesa.exe then the vbeplus driver would be a nice alternative.