First.. are you using custom models that you downloaded... If so, then try using stock models that came with the game...
if not, then try a full uninstall of SFC 3 using the add/remove programs in your control pannel (both the game and the patcher if you patched)... then delete the SFC 3 folder found in the Activision folder on your system (if that is where you have it installed)...
Reinstall game.. and patch with the Beta Patch.... and have Direct X 9 installed as well.. then try game..
If problem returns, check for updates to your video card...
If problem still remains.. then post problems again with the error codes.... like you did above....
Thanks