I suggest using SlimDX, it has done wonders for me and it is really fast: http://slimdx.org/
Depending on the capabilities of your target device, you may choose XNA, which comes with a nice batch of features which does not necessarily has to involve games (I'm doing 3d mapping software and the speed is great, while displaying many many features on-screen).
A more important question should be: what do you want to draw? 2d or 3d? What have you tried already?
We are basically rendering a white circle 2D. but it has to be the full circle and it must be for 0.033 of a second in pulses. Also the full cycle is 3.7 seconds. We are having problems with folding and slow mainboard video drivers.
It is being displayed on laptops and desk stations
The time elapsed should be in a fixed timestep, which is tied to the vsync. 0.033ms should be around 30 frames per second.
The trick here is timing. By folding, do you mean screen tearing? Do you need to render the circle for a duration of 0.033ms and then hide it for the same amount of time, and then start again?
If you are rendering with GDI, going to DirectX will definitely help you.
Hope it helps at anything. I'm a bit sleepy, please excuse me if I'm a bit off the rail from your intended meaning.