This is a known problem for Premiere Elements 13/13.1.
The Adobe fix for this is to delete or disable the OldFilm.AEX file.
On Windows 7, 8, or 8.1 64 bit, the path is
Local Disk C
Adobe Premiere Elements 13
and in the NewBlue Folder is the OldFilm.AEX file that you delete or disable by renaming the file from OldFilm.AEX to OLDFilm.AEX.
Any questions or need clarification on the above, please do not hesitate to ask.