The Excel Connection Manager is not supported in the 64-bit version of SSIS

The Excel Connection Manager is not supported in the 64-bit version of SSIS

When i am using SSIS Excel connection manager in my 64bit dev environment it is giving me the following error..
[Connection manager "Excel Connection Manager"] Error: SSIS Error Code DTS_E_OLEDB_EXCEL_NOT_SUPPORTED: The Excel Connection Manager is not supported in the 64-bit version of SSIS, as no OLE DB provider is available.
To fix this:
Go to Project –> Project Properties –> then Set Run64BitRuntime = False.
thats it…