I have just clicked on my iTunes desktop icon and got the following message "The file iTunes Library.itl" cannot be read because it was created by a newer version of iTunes. Why has this occurred when it working fine?

I have just clicked on my iTunes desktop icon and got the following message "The file iTunes Library.itl" cannot be read because it was created by a newer version of iTunes. Why has this occurred when it working fine? Is it best to update iTunes to 10.2 to attempt to resolve? Initially I got the prompt Quicktime was out of date so I updated that successfully in all programs. I do not want to lose my iTunes library.

Sorted problem updated and reinsatlled and restarted computer.

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