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Rundll32.exe is an important process of your windows operating system. The process rundll32.exe executes dll files and puts their libraries into your system's memory. Without this process your computer would become instable and very slow.
The process runs from your system directory C:\windows\system32. If it executes or runs from a different location it is most likely a virus or trojan horse. You should scan your computer immediately with a virus scanner. Viruses using the name rundll32.exe are W32.Miroot.Worm. Backdoor.Lastdoor, and Trojan.StartPage (among others).