Yes, PSElements lacks CMYK support, unlike PS.
When I am outputting Images in both RGB and CMYK, I always include those characters in the Save_As file's name, to keep me in the know, when I go to deliver the files to the client.
Good luck, and please let us know how the RGB works.
Sorry it took so song for me to get back with my results.
I finally had the time today to test this on my main computer. (the one I was using at the time I encountered the error)
"Not Enough Memory To Import The File" was not the problem as the software error message indicated.
The resolution: Open the file in Photoshop>Change Image mode to RGB 8bit and Save.
Then I was able to import the file. (without having to add more memory to my computer :-)
Thanks everyone for your help and input.
Europe, Middle East and Africa