I have downloaded the latest version of cre8or.i.e.v0.12, dot net frameworks and the directx(9) from the cre8or website. If i run it, it gives the following message

(if you cant see the image, the message in the image is -"unhandeled expection has occured in your application.if you click continue , the application will ignore this error and try to continue.If you click quit, the application will close immidiately.
Object referrence is not set to an instance of an object.")
If i run the older version of cre8or, it works with no problem.If i use cre8or detective(A programme to find if necessary things like directx there), it says uncompitable directx version though i got it(directx)from the cre8or website.Please help.