Fatal Error, VM cannot be used.

Hi,
I just installed Parallels desktop and am having a large problem with it. I have v3.0 build 5600 and am trying to use my existing boot camp partition running Windows Vista for the VM. I have 2 gb of ram and plenty of hdd space. I was able to create the virtual machine and start the VM up. Being as it was the first time, it attempted to install the tools, displaying the "do not do anything in the VM while this is running" message. When I get to the login screen, the Vm fails and I am prompted to send an error report. I have no idea what is going on and I haven't been able to find a solution anywhere. Thanks for your help.

 

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Please download build 5604 following link bellow:
http://download.parallels.com/v3/en/GA/Parallels-Desktop-5604-Mac-en.dmg

and reinstall Parallels Desktop as described in kb
http://kb.parallels.com/en/4790