Why will Photoshop Elements not install?

I purchased the Photoshop/Premier bundle. It took forever to get through the issues installing Premier and then when installing Photoshop Elements I get the message :
Exit Code: 24
-------------------------------------- Summary --------------------------------------
- 0 fatal error(s), 1 error(s), 0 warning(s)
ERROR: DW046: Following Conflicting processes were running -
block:dynamiclinkmanager
I have tried several of the suggestions on discussion boards to no avail.
Help!!

Am copying a solution from this thread: (http://forums.adobe.com/message/4092317)
Hi,
Please follow the below mentioned steps to close dynamiclinkmanager:
1. Navigate to the Applications folder and then Utilities.
2. Click and open "Activity Monitor" from the list.
3. Select "All Processes" from the drop down option at the top.
4. Look for "dynamiclinkmanager" in the list of processes and select it.
5. Then click on quit.
Try reinstalling the software.

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