I did quick test.
I downloaded Active Python community edition (free) from:
http://www.activestate.com/downloads

I downloadede x86 version, cause PSPad is 32 bits application
After I run PSPad as admin, I got subfolder .\Script\Python.AXScript.2 

Maybe your problem is you installed 64bits version. It's the same as Java
Runtime. If you want to use runtime with 32b application, you need to 32b
version of runtime even your system is 64bit

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Odpovedet emailem