Hi, srussell2003. This forum is for photoshop elements and not many of us use Premiere Elements, which has its own forum and is a much better place to ask questions about PRE. I'll move this over there for you.
I went through the procedure step by step for another user recently.
Please check out the details in post #13 of the following thread.
Basically you follow the instructions as the dialogs progress in the installation procedure for the Premiere Elements 10 content.
Please update us on your progress.