Running an older version of frame and need to load two fonts to my computer to create a book as one file has them embedded and I cant get around it.The "TimesNewRomanPSMT" Font is not available.

older version of frame

Which version? Does it have Find/Replace fonts? I'm thinking the pod showed up at v9.

Or, you could google and purchase the font.

What happens if you open all the files and accept FrameMaker's suggestion of Times New Roman temporarily? I think you might be able to create the .pdf then, if that's what you're aiming to do.