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Adobe Premiere Elements 12: This type of file is not supported, or the required codec is not installed

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Hallo! I use Adobe Premiere Elements 12 on my computer (PC, windows 7). When I try do re-open my projects on Adobe Premiere Elements I get the message: This type of file is not supported, or the required codec is not installed. The file type of my saved projects is: Adobe Premiere Elements Project (.prel). The same happens when i try to re-open the auto save files. This is very annoying because I losse all my earlier work. I would be really grateful for help. Best regards, Stefan

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