Can't update final cut studio 5.0.1 to 5.0.4

I am trying to upgrade my original version of final cut studio to 5.0.4. I have scoured the web for info and have tried everything to force the update. I've downloaded the 5.0.4 update file from apple. The installer window prompt tells me: THIS INSTALLER PACKAGE NEEDS TO RUN A PROGRAM TO DETERMINE IF IT CAN BE INSTALLED. DO YOU WANT TO CONTINUE. When I continue I get: FinalCutPro5.0.4Update cannot be installed on this computer. This updater is only able to update an existing Final Cut Pro 5.0, 5.0.1, 5.0.2, or 5.0.3 application. Please make sure the application is located in the Applications folder, and is called "Final Cut Pro". My hardrive apps folder has a file called 'Final Cut Pro HD' (it's 5.0.1). Then someone told me to move the original pkge file from the library to desktop to prompt the updater. Nothing seems to allow me to upgrade? I'm running OSX 10.3.9 and was running Quicktime 7.1.6 Now because Apple tech support told me to run the updater on everything so that Final Cut might be recognized I upgraded to 7.4.5 I hope I'm not going to regret the QuickTime upgrade? I need 5.0.4 because 5.0.1 is not recognizing my P2 files.

Thanks to you both, I found the misplaced booklets with the new serial number and am in the process of installing right now.
I've gotten so many new toys in the past couple months it's been difficult to keep everything straight...but what a great problem to have!
Zap

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