Error: "i Tunes Library.itl"

My old laptop crashed, so I bought a new one. I have my iTunes saved on a an external hard drive, but when I loaded iTunes on to my new computer and clicked on the iTunes icon, I received the following:
Error: The file "i Tunes Library.itl" cannot be read because it was created by a newer version of iTunes.
Please help!

hi ryansee!
hmmmm. folks normally get that one if they downgrade their itunes from certain versions to certain versions. for example:
All of my music is missing after downgrading from iTunes 4.9
do you still get it if you install the latest versions of itunes on the new computer? (we'd better make sure your ipod software on there is up-to-date, too.)
iTunes 6.0.4.2 Installer
Ipod Updater Installer
love, b

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