This is a typical problem. You are trying to run a DOS game in plain Windows - and that, my friend, is not going to work.
DosBox is a better way of running the game - one that ensures the sound to work.
You can download DosBox
here.
I advise you to check out
the official DosBox FAQ, and particularly
this part of it. It is quite helpful for users unfamiliar with DosBox.
An alternate option is VDMSound, which you can get from
our programs page.
In either case, the default sound hardware emulation setting which must be matched in game's sound config utility is Sound Blaster 16, IRQ 7, DMA 1, Adress 220h.