The problem has to do with a particular set of Organizer Slide Show objects. They are not importing for some reason.
My Slide Shows of both earlier and later vintage seem to import to the Premiere Elements Editor OK. I took my “psa.prf” file back to it’s correct name.
Project Settings of HD1080i at 29.97 frames per second with HDV capture and
Now to play with the Slide Show Files that will not import to the Premiere Elements Editor.