Premiere Elements Crashes when I try to "add media"

I am running Premiere Elements 11 on a networked windows 7 system. The computer is a Dell with and i5 processor, 8 GB RAM and 2x 500 GB hard drives.

I recently had issues caused by Windows concerning my video card. After many attempts, I was able to get a new driver downloaded and installed and was able to complete a fairly large (52 min) video project and burn it to DVD last week. Today I opened Premiere, and selected "new project". Once it was opened I selected "add Media" to begin importing footage from my camera. I immediately got a message that the APP had crashed.

Went through the same steps several times with the same results. Here's the details of the crash message.

Problem signature:

  Problem Event Name: APPCRASH

  Application Name: Adobe Premiere Elements.exe

  Application Version: 11.0.0.0

  Application Timestamp: 5041d43d

  Fault Module Name: dvacore.dll

  Fault Module Version: 11.0.0.0

  Fault Module Timestamp: 50408171

  Exception Code: c00000fd

  Exception Offset: 00000000000e0dfb

  OS Version: 6.1.7601.2.1.0.256.48

  Locale ID: 1033

  Additional Information 1: 2b56

  Additional Information 2: 2b569b09565858343f77e2931245b957

  Additional Information 3: aeda

  Additional Information 4: aedac4f9215d675888a955a7473fe646

Any thoughts? Any help would be appreciated