Premiere Elements: shuts down when attempting to select a save location

When creating a new project in PRE10, when selecting to browse to select a project save location, the software returns an Application Error: The instruction at "0x005f150e" referenced memory at "0x00000014." The memory could not be "read". Click OK to terminate the program. Click on CANCEL to debug. Clicking either one shuts down the program. This happens on two computers -- one running XP and one running Windows 7, but not on others on the same network.