HELP! The file "iTunes Library.itl" cannot be read=no access to itunes!!!

PLease help im actually going mental.
#Spent hours today with two rather slow computers attempting to transfer my itunes library from my old pc to a new laptop. when i successfully transferred the files i tried to open itunes when it told me it " Couldnt be read" as teh file itunes library is in a newer version of itunes.
Of course i thought if i upgraded the laptops itunes the problem would be solved but that did not work, and i have no itunes access.
HEELLLLLLLLLPPPPPPPP

Actually it's very simple to solve without losing anything.
Do a search on your computer for "itunes library.itl". When the search finds it...delete it.
Open itunes again, and it should work sucessfully.

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