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Error while debugging on CCSv4.2.0 on 64-bit Windows 7 compiler

Other Parts Discussed in Thread: MSP430F5513, CCSTUDIO

I have code that was working perfectly on my old laptop which was an XP, 32-bit and the same (perhaps a slightly older version of CCS ver 4.1.x). When I ported the code over to my new laptop and installed CCSv4.2.0, I am getting the following error when trying to debug.

 

 

I generated new license and tried it but that didnt fix it.