This is a video card driver issue. You can search for pink & green video in this forum for other threads.
Go to the video card manufacturer's site and check the latest video card driver for your card against what is installed in your computer. If the one you're using isn't the latest, update it. If you're using the latest, try rolling back a driver or two.
Or of course go to your Project settings and set Mercury Acceleration to Software Only.
Thanks a lot. Just changing Mercury Acceleration to Software Only in project setting solved the problem.