Adobe Premiere Production Premium CS5.5 Runtime Error! "dynamiclinkmanager" has stopped working

Question

Hey ya'll!
I've had APP for a little over two years, never a single problem with it. Recently (last night actually) I was working on a project on Premiere, using Dyanmic Link between Premiere and AfterEffects. I've never had an issue with linking comps ever, so this next part comes as a surprise as this afternnoon (less than 24 hours later) suddenly I get hit with this message upon starting up the application:
I obviously click okay and then I get this:
Dynamic Link has failed? What?! Does that mean my linked comps have been severed? After fiddling with the program a bit, the rest of my imported media loads fine, it's only the linked compositions from After Effects that are "OFFLINE" or "PENDING" in my browser. They never automatically relink. Attempting to relink the files manually through FILE>DYNAMIC LINK>IMPORT AFTER EFFECTS COMPOSITION leads to the program unresponsive and eventually crashing:
And if I don't mess with any of the linked compositions, the program eventually crashes regardless....
Any help would be super helpful! THANK YOU!
Cheers, Mike

Answer 1

Problem Event Name:
APPCRASH
  Application Name:
dynamiclinkmanager.exe
  Application Version:
3.0.0.0
  Application Timestamp:
4d7025b8
  Fault Module Name:
MSVCR90.dll
  Fault Module Version:
9.0.30729.4940
  Fault Module Timestamp:
4ca2ef57
  Exception Code:
40000015
  Exception Offset:
0005beae
  OS Version:
6.1.7601.2.1.0.256.48
  Locale ID:
1033
  Additional Information 1:
6951
  Additional Information 2:
6951a6b85be9762a69a511c0a1f19fd3
  Additional Information 3:
bd33
  Additional Information 4:
bd33d51a2f1dea2a70c766459d0d820a