Ok thanks, Ned, that is a good suggestion and i Will change the folder names but ALL of my other Adobe stuff is in that folder and has been for years. Never cause any problems. anyway windows will prompt if you try to save an invalid charater.
I have also got other flash files in that same folder that open fine and work no problem.
It seems to only be this PSD that is causing the problems.
I my PSD I have folders within folders, do yas think this might be the problem, I have made them all Movie Clips importing them, Im graspin at straws here i know but i cant think of anything else.
I have tried saving it as a compressd (.xfl) cs5 doc and same thing happens.
a cs4 will reopen but i loose the tfl text???