Premiere Elements.exe 7.0 Stops working.

Hello.
My Adobe Premiere Elements 7.0 keeps doing the following:
When I open my project file, it stops and I get the message:
Adobe Premiere Elements.exe has stopped working.
A problem stopped the program from working correctly.
Windows will close the program and notify you if a solution is
available.
So then I reboot windows and just before it shuts down, I get the following message:
PhotoshopServer.exe - Application Error
The exception unknown software exception (0xc000000d) occured in the
application at location 0x750c8aa0.
Click OK to terminate program
If I open a new project file, it works fine but if I try to open the one that stopped working,
I get the same problem again.
I am running both Premiere Elements 7.0 & Photoshop Elements 7.0 on:
PC: Intel(R) Core(TM) i7 CPU 920 @ 2.67GHz
OS: Vista 64bit
Memory: 12 GB RAM
Hard Drive: 932 GB
Video Card: NVIDIA Quadro FX 1700
Sound Card: Auzentech X-Fi Prelude 7.1
I am having no other issues other than this one with my PC.
Can anyone help?
Thanks!
Arne

Along with very important answers to Steve's questions, you might want to take a look at this ARTICLE. It might help you quickly gather some clues as to what is hanging PrE, and what is also causing your unhandled exception. Some of the messages from Event Viewer will be so cryptic, that no one could gather anthing useful from them. Still, there should be a few, especially the ones with links, that will give you clues.
With unhandled exceptions, there is usually some program, that is not reporting memory usage and addresses to the OS. This could be PrE (though it is usually very good), but is most likely some program, or Process, that is loading at bootup. If you would do a screen-cap of the various loaded programs, from Task Manager (Ctrl+Alt+Del), and open the Processes Tab. You will have a long list of Processes that are loaded, and will want to expand the view to see all of them. Hint: use the little "camera" icon in the lower-row-middle of the forum editing screen's Toolbar to attach the screen-cap.
Good luck,
Hunt

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    Pushpa: I will be glad to help you with this issue.
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    theodore brown: https://forums.adobe.com/message/6676345
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    theodore brown: working.....
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    Pushpa: You can return the software within 30 days since the purchase date.
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    Pushpa: We can initiate the refund within 30 days of purchase.
    theodore brown: It is now August 28th (I added this for my review I will post)
    theodore brown: I think it will be important for future customers to see all this.
    theodore brown: sorry, potential customers.
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    Pushpa: Is there anything else I can help you with?
    theodore brown: Nope, guess not, I will make sure I post this. have a good day

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