Upgraded to iTunes 11.0.3 and now cannot access music.

I upgraded ti iTunes 11.0.31 on my iMac [OS 10.7.5] and now I am unable to access my itunes library. NOT HAPPY. I have over the years accumulated over 1000 albums that I now seem to have lost. Has anyone got an answer? Clearly Apple doesn't give a whatever.

Thank you very much for your reply. I did find 2 previous iTune libraries but they seem to be empty.
Your advice on back up is gratefully noted ... I always assumed Time Machine would do the job.
I guess like many people I've spoken to it's time to move away from Apple ...a declinig market may be the only thing which will make them realise they need to be more responsive to and respectaful of  the millions of individuals who have been their loyal customers for many years.
My business has started moving to Windows and we have been surprised how good it is and products like Office 360 are fabulous in the business environment. We have heaps of iMacs ready for the scrap heap!
I am now looking for an alternative to iTunes. Not an easy feat but clearly there is a huge market opportunity out there for someone to produce a decent product. Any suggestions gratefully accepted.

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