You may have to wait for help from Steam.
They list their version as compatible with XP/Vista/7/8
The original CD version was made for Windows 95/98/ME/2000/NT4.0
The person who posted in the Steam forum that it didn't run in Windows 7 had the disc version, not the Steam version.
http://steamcommunity.com/app/365730/discussions/0/598199244893921468/Who knows if Steam actually made any changes to their version that would improve compatibility over the original.
It's interesting that the Steam page for the game at
http://store.steampowered.com/app/365730/lists the Wikipedia page for the game as the "game website" and
the Gameboomers walkthrough for the "game manual."
Did your game come with a pdf manual?
I've emailed you a scan of pages 16-17 of the manual, which are about the Options screen.
It should give an idea of what you're supposed to see.
However if F1 isn't working to bring up the manual, I don't think it will help much.
What do I have to do to the F1 key to access the menu?
Just press it. The screen to save, load, quit and adjust options should appear.
If it doesn't, the game isn't working as described.
You could try other keys to see if any of them brings up the Options screen.