Do you have a LIB file for the DLL? A H(eader) file? Both are needed to link statically, which is the simplest way.
Otherwise, the easiest route is probably just to link it dynamically. (Unless this is a COM DLL -- does you have to RegSvr32 it? If so, you can reference it and call it COM-style.) In order to do so, you use the LoadLibrary() and GetProcAddress() to obtain a function pointer. And here's where things get tricky: what calling convention does the function use, what parameters, and what return type? If you have those, you can define an appropriate function pointer type (e.g. "int fphasher*(char *)"). Otherwise, prepare for a lot of amusing experimentation or even disassembly listing to get things right...
A DLL viewer like DllExportViewer can help with getting the function name right, and get some hints whether C++ or C style calling conventions should be used. Caveat: I haven't tested this particular version.