Another thought on this issue. When you installed the latest MicroStation version, did you already have MicroStation installed on your machine? Did you go to the Add/Remove Programs and remove the MS version from your machine before installing the latest version? What can happen if you just try to install the newer product is it will retain a lot of information on the machine from the previous install and it doesn't perform an 'update'. You must remove MicroStation and install the new version.
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