can NTEmacs (20 or 21) completely ignore Alt key?

[Jonathan Epstein]

Hi,

I use an application (Dragon NaturallySpeaking 5) which insists upon
entering certain characters using an old DOS trick of holding down the Alt
key and then pressing a numeric key combination on the numeric keypad (not
to be confused with the numbers at the top of a regular keyboard). For
example, Alt-0034 is used for a double-quote ("). Try this in WordPad ...
it works.

Is it possible to either:

(a) get Emacs to entirely stay out of the way of the Alt key? I realize
that things such as:

(setq w32-pass-alt-to-system t)

are a step in the right direction, but are insufficient

OR

(b) write some Elisp to correctly interpret these keystroke combinations?

I'm currently using GNU Emacs 20.7, but am willing to switch to Emacs 21 if
this is more likely to solve this particular problem.

TIA,

-Jonathan