Some cs4 projects hang when opening in cs5 versions

Greetings,
I upgraded from CS4 Master to CS5. I am able to open some of my CS4 authored projects in the CS5 versions and others do not.
Specifically I am in after effects right now trying to open a project created in AE CS4. It said, "gotta convert" went to 90% and then stalled.
Where should I look for info/troubleshooting?
Thank You
P.S. I also had this problem with a Premiere Pro project (lots of images) in premiere pro

Without more info about what fooatge and effects are involved or a sample project that isn't going anywhere. Too many variables.
Mylenium

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      Binary Images:
          0x1000 -   0x334ffc  com.apple.iMovie8 8.0.6 (821) <CD0B8453-4663-7F8C-EFF4-926EAB254B2A> /Applications/iMovie (original).app/Contents/MacOS/iMovie
        0x838000 -   0x86bff3  com.apple.FWAVCPrivate 30.46 (46) <786C1EA9-AE6E-C66F-A290-8705A4F43EA8> /System/Library/PrivateFrameworks/FWAVCPrivate.framework/FWAVCPrivate
      0x17a00000 - 0x17a65fe0  com.apple.DVCPROHDMuxer 1.3.2 (1.3.2) <483DD62C-46C4-36AA-6A1C-2DEA6F062863> /Library/QuickTime/DVCPROHDMuxer.component/Contents/MacOS/DVCPROHDMuxer
      0x90189000 - 0x902ccfef  com.apple.QTKit 7.6.6 (1756.15) <32C49374-14BC-53E7-FBFF-E11B42A41F56> /System/Library/Frameworks/QTKit.framework/Versions/A/QTKit
      0x90b66000 - 0x90c46fe7  com.apple.vImage 4.1 (4.1) <D029C515-08E1-93A6-3705-DD062A3A672C> /System/Library/Frameworks/Accelerate.framework/Versions/A/Frameworks/vImage.fr amework/Versions/A/vImage
      0x91fee000 - 0x922e7fef  com.apple.QuickTime 7.6.6 (1756.15) <C2567783-4EAC-6803-522B-D701B95C4DAE> /System/Library/Frameworks/QuickTime.framework/Versions/A/QuickTime
      0x92606000 - 0x92879fe7  com.apple.Foundation 6.6.6 (751.53) <C73FDD37-000B-C505-FD8D-80D1C9D17965> /System/Library/Frameworks/Foundation.framework/Versions/C/Foundation
      0x94942000 - 0x94c62ff3  com.apple.CoreServices.CarbonCore 861.34 (861.34) <3DA9098F-B71B-4BDE-5DE5-4B76C49158EB> /System/Library/Frameworks/CoreServices.framework/Versions/A/Frameworks/CarbonC ore.framework/Versions/A/CarbonCore
      0x95ec1000 - 0x96068ff7  libSystem.B.dylib ??? (???) <ADF8138B-2384-2FC0-CCBF-C4721B53568A> /usr/lib/libSystem.B.dylib
      0x96c6c000 - 0x96de7fe7  com.apple.CoreFoundation 6.6.4 (550.42) <C78D5079-663E-9734-7AFA-6CE79A0539F1> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation
      0x96f8d000 - 0x97ee0fe3  com.apple.QuickTimeComponents.component 7.6.6 (1756.15) <00010203-0405-0607-0809-0A0B0C0D0E0F> /System/Library/QuickTime/QuickTimeComponents.component/Contents/MacOS/QuickTim eComponents
      0x98b84000 - 0x99464ff7  com.apple.AppKit 6.6.7 (1038.35) <ABC7783C-E4D5-B848-BED6-99451D94D120> /System/Library/Frameworks/AppKit.framework/Versions/C/AppKit
    Process:         AirPort Base Station Agent [132]
    Path:            /System/Library/CoreServices/AirPort Base Station Agent.app/Contents/MacOS/AirPort Base Station Agent
    UID:             501
      Thread 349        DispatchQueue 1
      User stack:
        26 ??? (in AirPort Base Station Agent + 5692) [0x10000163c]
          26 NSApplicationMain + 364 (in AppKit) [0x7fff83a731a8]
            26 -[NSApplication run] + 395 (in AppKit) [0x7fff83a7a48b]
              26 -[NSApplication nextEventMatchingMask:untilDate:inMode:dequeue:] + 155 (in AppKit) [0x7fff83ab47a9]
                26 _DPSNextEvent + 718 (in AppKit) [0x7fff83ab4e64]
                  26 BlockUntilNextEventMatchingListInMode + 59 (in HIToolbox) [0x7fff84fa34ac]
                    26 ReceiveNextEventCommon + 310 (in HIToolbox) [0x7fff84fa35f3]
                      26 RunCurrentEventLoopInMode + 333 (in HIToolbox) [0x7fff84fa37ee]
                        26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                          26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                            26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread 357        DispatchQueue 2
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 _pthread_wqthread + 353 (in libSystem.B.dylib) [0x7fff86e3d128]
            26 _dispatch_worker_thread2 + 252 (in libSystem.B.dylib) [0x7fff86e3d7fe]
              26 _dispatch_queue_invoke + 185 (in libSystem.B.dylib) [0x7fff86e3dcd4]
                26 kevent + 10 (in libSystem.B.dylib) [0x7fff86e3c12a]
      Kernel stack:
        26 kevent + 97 [0x4783e9]
      Thread 371      
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 select$DARWIN_EXTSN + 10 (in libSystem.B.dylib) [0x7fff86e66e52]
      Kernel stack:
        26 sleep + 52 [0x48eeb0]
      Thread 372      
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 ??? (in AirPort Base Station Agent + 117988) [0x10001cce4]
              26 ??? (in AirPort Base Station Agent + 106856) [0x10001a168]
                26 ??? (in AirPort Base Station Agent + 118817) [0x10001d021]
                  26 __semwait_signal + 10 (in libSystem.B.dylib) [0x7fff86e5df8a]
      Kernel stack:
        26 semaphore_wait_continue + 0 [0x22a3e1]
      Thread 3d4e     
      User stack:
        18 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          18 __workq_kernreturn + 10 (in libSystem.B.dylib) [0x7fff86e3cf4a]
      Kernel stack:
        18 bsdthread_create + 1313 [0x4d22d1]
      Binary Images:
             0x100000000 -        0x100027fff  com.apple.AirPortBaseStationAgent 1.5.5 (155.2) <00010203-0405-0607-0809-0A0B0C0D0E0F> /System/Library/CoreServices/AirPort Base Station Agent.app/Contents/MacOS/AirPort Base Station Agent
          0x7fff83a71000 -     0x7fff84467fff  com.apple.AppKit 6.6.7 (1038.35) <9F4DF818-9DB9-98DA-490C-EF29EA757A97> /System/Library/Frameworks/AppKit.framework/Versions/C/AppKit
          0x7fff84f75000 -     0x7fff85273fff  com.apple.HIToolbox 1.6.5 (???) <AD1C18F6-51CB-7E39-35DD-F16B1EB978A8> /System/Library/Frameworks/Carbon.framework/Versions/A/Frameworks/HIToolbox.fra mework/Versions/A/HIToolbox
          0x7fff86e22000 -     0x7fff86fe3fff  libSystem.B.dylib ??? (???) <9BAEB2F2-B485-6349-E1AB-637FE12EE770> /usr/lib/libSystem.B.dylib
          0x7fff87a1d000 -     0x7fff87b94fe7  com.apple.CoreFoundation 6.6.4 (550.42) <770C572A-CF70-168F-F43C-242B9114FCB5> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation
    Process:         AppleSpell [206]
    Path:            /System/Library/Services/AppleSpell.service/Contents/MacOS/AppleSpell
    UID:             501
      Thread e41        DispatchQueue 1
      User stack:
        26 ??? (in AppleSpell + 4816) [0x1000012d0]
          26 ??? (in AppleSpell + 5472) [0x100001560]
            26 -[NSSpellServer run] + 72 (in Foundation) [0x7fff836e2eee]
              26 CFRunLoopRun + 70 (in CoreFoundation) [0x7fff87a68b46]
                26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                  26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                    26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread e43        DispatchQueue 2
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 _pthread_wqthread + 353 (in libSystem.B.dylib) [0x7fff86e3d128]
            26 _dispatch_worker_thread2 + 252 (in libSystem.B.dylib) [0x7fff86e3d7fe]
              26 _dispatch_queue_invoke + 185 (in libSystem.B.dylib) [0x7fff86e3dcd4]
                26 kevent + 10 (in libSystem.B.dylib) [0x7fff86e3c12a]
      Kernel stack:
        26 kevent + 97 [0x4783e9]
      Binary Images:
             0x100000000 -        0x1000a9fe7  com.apple.AppleSpell 1.6.2 (62.2) <B3C504CB-5E66-639E-9F2A-2F184565496A> /System/Library/Services/AppleSpell.service/Contents/MacOS/AppleSpell
          0x7fff83664000 -     0x7fff838e7fe7  com.apple.Foundation 6.6.6 (751.53) <476E617B-B59B-53DE-991D-98C1993BCBCE> /System/Library/Frameworks/Foundation.framework/Versions/C/Foundation
          0x7fff86e22000 -     0x7fff86fe3fff  libSystem.B.dylib ??? (???) <9BAEB2F2-B485-6349-E1AB-637FE12EE770> /usr/lib/libSystem.B.dylib
          0x7fff87a1d000 -     0x7fff87b94fe7  com.apple.CoreFoundation 6.6.4 (550.42) <770C572A-CF70-168F-F43C-242B9114FCB5> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation
    Process:         autofsd [52]
    Path:            /usr/libexec/autofsd
    UID:             0
      Thread 1a5        DispatchQueue 1
      User stack:
        26 ??? (in autofsd + 5340) [0x1000014dc]
          26 ??? (in autofsd + 6461) [0x10000193d]
            26 CFRunLoopRun + 70 (in CoreFoundation) [0x7fff87a68b46]
              26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                  26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread 1c1        DispatchQueue 2
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 _pthread_wqthread + 353 (in libSystem.B.dylib) [0x7fff86e3d128]
            26 _dispatch_worker_thread2 + 252 (in libSystem.B.dylib) [0x7fff86e3d7fe]
              26 _dispatch_queue_invoke + 185 (in libSystem.B.dylib) [0x7fff86e3dcd4]
                26 kevent + 10 (in libSystem.B.dylib) [0x7fff86e3c12a]
      Kernel stack:
        26 kevent + 97 [0x4783e9]
      Binary Images:
             0x100000000 -        0x100001ff7  autofsd ??? (???) <E07FB03F-038C-D995-51F3-FF8A686F645B> /usr/libexec/autofsd
          0x7fff86e22000 -     0x7fff86fe3fff  libSystem.B.dylib ??? (???) <9BAEB2F2-B485-6349-E1AB-637FE12EE770> /usr/lib/libSystem.B.dylib
          0x7fff87a1d000 -     0x7fff87b94fe7  com.apple.CoreFoundation 6.6.4 (550.42) <770C572A-CF70-168F-F43C-242B9114FCB5> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation
    Process:         BloggieSoftwareAutoRun [134]
    Path:            /Library/Application Support/Sony Corporation/BloggieSoftwareAutoRun.app/Contents/MacOS/BloggieSoftwareAutoRun
    UID:             501
    Process:         blued [17]
    Path:            /usr/sbin/blued
    UID:             0
      Thread f3       
      User stack:
        26 ??? (in blued + 5384) [0x100001508]
          26 ??? (in blued + 151651) [0x100025063]
            26 -[NSRunLoop(NSRunLoop) run] + 77 (in Foundation) [0x7fff836af6a3]
              26 -[NSRunLoop(NSRunLoop) runMode:beforeDate:] + 270 (in Foundation) [0x7fff836af7c4]
                26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                  26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                    26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread 166        DispatchQueue 2
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 _pthread_wqthread + 353 (in libSystem.B.dylib) [0x7fff86e3d128]
            26 _dispatch_worker_thread2 + 252 (in libSystem.B.dylib) [0x7fff86e3d7fe]
              26 _dispatch_queue_invoke + 185 (in libSystem.B.dylib) [0x7fff86e3dcd4]
                26 kevent + 10 (in libSystem.B.dylib) [0x7fff86e3c12a]
      Kernel stack:
        26 kevent + 97 [0x4783e9]
      Thread 175      
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 select$DARWIN_EXTSN + 10 (in libSystem.B.dylib) [0x7fff86e66e52]
      Kernel stack:
        26 sleep + 52 [0x48eeb0]
      Binary Images:
             0x100000000 -        0x100046fe7  blued ??? (???) <29B9C27D-C2DC-F6BB-6A7C-74676B61665C> /usr/sbin/blued
          0x7fff83664000 -     0x7fff838e7fe7  com.apple.Foundation 6.6.6 (751.53) <476E617B-B59B-53DE-991D-98C1993BCBCE> /System/Library/Frameworks/Foundation.framework/Versions/C/Foundation
          0x7fff86e22000 -     0x7fff86fe3fff  libSystem.B.dylib ??? (???) <9BAEB2F2-B485-6349-E1AB-637FE12EE770> /usr/lib/libSystem.B.dylib
          0x7fff87a1d000 -     0x7fff87b94fe7  com.apple.CoreFoundation 6.6.4 (550.42) <770C572A-CF70-168F-F43C-242B9114FCB5> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation
    Process:         compressord [78]
    Path:            /Library/Frameworks/Compressor.framework/Resources/CompressorTranscoderX.bundle /Contents/MacOS/compressord
    UID:             0
    Process:         configd [14]
    Path:            /usr/libexec/configd
    UID:             0
      Thread cd       
      User stack:
        26 start + 52 (in configd) [0x100000cf0]
          26 main + 2051 (in configd) [0x100001506]
            26 server_loop + 72 (in configd) [0x100001d5c]
              26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                  26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread ce         DispatchQueue 2
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 _pthread_wqthread + 353 (in libSystem.B.dylib) [0x7fff86e3d128]
            26 _dispatch_worker_thread2 + 252 (in libSystem.B.dylib) [0x7fff86e3d7fe]
              26 _dispatch_queue_invoke + 185 (in libSystem.B.dylib) [0x7fff86e3dcd4]
                26 kevent + 10 (in libSystem.B.dylib) [0x7fff86e3c12a]
      Kernel stack:
        26 kevent + 97 [0x4783e9]
      Thread d0       
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 plugin_exec + 1440 (in configd) [0x1000034c3]
              26 CFRunLoopRun + 70 (in CoreFoundation) [0x7fff87a68b46]
                26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                  26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                    26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread db       
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 _io_pm_force_active_settings + 2271 (in PowerManagement) [0x1000ac3c5]
              26 CFRunLoopRun + 70 (in CoreFoundation) [0x7fff87a68b46]
                26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                  26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                    26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread fb       
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 select$DARWIN_EXTSN + 10 (in libSystem.B.dylib) [0x7fff86e66e52]
      Kernel stack:
        26 sleep + 52 [0x48eeb0]
      Thread 104      
      User stack:
        26 thread_start + 13 (in libSystem.B.dylib) [0x7fff86e5c3a9]
          26 _pthread_start + 331 (in libSystem.B.dylib) [0x7fff86e5c4f6]
            26 pppcntl_run_thread + 1595 (in PPPController) [0x10059590d]
              26 CFRunLoopRun + 70 (in CoreFoundation) [0x7fff87a68b46]
                26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
                  26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                    26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread 3d57     
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 __workq_kernreturn + 10 (in libSystem.B.dylib) [0x7fff86e3cf4a]
      Kernel stack:
        26 bsdthread_create + 1313 [0x4d22d1]
      Binary Images:
             0x100000000 -        0x100026ff7  configd ??? (???) <771131C9-9E29-105A-3430-8BCA23E72400> /usr/libexec/configd
             0x1000a9000 -        0x1000baff7  com.apple.SystemConfiguration.PowerManagement 160.0.0 (160.0.0) <11BDE066-A91E-EF41-F46E-6E05053C216D> /System/Library/SystemConfiguration/PowerManagement.bundle/Contents/MacOS/Power Management
             0x100583000 -        0x1005acfff  com.apple.SystemConfiguration.PPPController 1.5 (1.5) <FD1F16E7-AA64-54FA-0985-85A5A0C43F5A> /System/Library/SystemConfiguration/PPPController.bundle/Contents/MacOS/PPPCont roller
          0x7fff86e22000 -     0x7fff86fe3fff  libSystem.B.dylib ??? (???) <9BAEB2F2-B485-6349-E1AB-637FE12EE770> /usr/lib/libSystem.B.dylib
          0x7fff87a1d000 -     0x7fff87b94fe7  com.apple.CoreFoundation 6.6.4 (550.42) <770C572A-CF70-168F-F43C-242B9114FCB5> /System/Library/Frameworks/CoreFoundation.framework/Versions/A/CoreFoundation
    Process:         coreaudiod [96]
    Path:            /usr/sbin/coreaudiod
    UID:             202
      Thread 261        DispatchQueue 1
      User stack:
        26 ??? (in coreaudiod + 2964) [0x100000b94]
          26 ??? (in coreaudiod + 26320) [0x1000066d0]
            26 CFRunLoopRunSpecific + 575 (in CoreFoundation) [0x7fff87a68dbf]
              26 __CFRunLoopRun + 1698 (in CoreFoundation) [0x7fff87a69932]
                26 mach_msg_trap + 10 (in libSystem.B.dylib) [0x7fff86e2329a]
      Kernel stack:
        26 ipc_mqueue_receive_continue + 0 [0x210cea]
      Thread 262        DispatchQueue 2
      User stack:
        26 start_wqthread + 13 (in libSystem.B.dylib) [0x7fff86e3cfc5]
          26 _pthread_wqthread + 353 (in libSystem.B.dylib) [0x7fff86e3d128]
            26 _dispatch_worker_thread2 + 252 (in libSystem.B.dylib) [0x7fff86e3d7fe]
              26 _dispatch_queue_invoke + 185 (in libSystem.B.dylib) [0x7fff86e3dcd4]
                26 kevent + 10 (in libSystem.B.dylib) [0x7fff86e3c12a]

    Do you know whether it was built in CS5?
    The Premiere project it is linked to must be CS5. (I think this is what I found when using CS3, CS4, and CS5 projects with Encore CS5.)
    Try opening the PR project in Premiere, then while open, open the Encore project.

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