I get the error message itunes library.itl cannot be read because it was created by a newer version of itunes

Hi,
I had my pc reformatted and win 7 64 bit installed. As I have come to put everything back on the pc I accidently installed the 32 bit version of iTunes. I realised this when certain functionality wasn't working.
So I uninstalled itunes and all the associated software, bonjour etc etc and have d/l the 64 bit version.
Now when I try to start up iTunes I get the "itunes library.itl cannot be read because it was created by a newer version of itunes" error message and the application will not load.
Any help would be greatly appreciated.
Cheers,
Dave

zepel has it, but perhaps some more detail will help.
Empty/corrupt library after upgrade/crash
Hopefully it's not been too long since you last upgraded iTunes, in fact if you get an empty/incomplete library immediately after upgrading then with the following steps you shouldn't lose a thing or need to do any further housekeeping. In the Previous iTunes Libraries folder should be a number of dated iTunes Library files. Take the most recent of these and copy it into the iTunes folder. Rename iTunes Library.itl as iTunes Library (Corrupt).itl and then rename the restored file as iTunes Library.itl. Start iTunes. Should all be good, bar any recent additions to or deletions from your library.
See iTunes Folder Watch for a tool to catch up with any changes since the backup file was created.
When you get it all working make a backup!
tt2

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