Welcome to the forum.
Which version of PrE are you using?
Since about PrE 4, the Activation of components has been automatic, when you first use the function.
Also, do you happen to have the trial version?
I have Adobe Photoshop Elements 8
and Adobe Premiere Elements 8 and this happen when I first started using in today, I hope it is better than Pinnacle 14 so far this program has only 4 transitions....
There's a very similar issue being discussed now on the Muvipix forum.
As was said there, the first thing to do is ensure you have the latest version of Shockwave Flash installed.
[Edit] Already answered.
Message was edited by: the_wine_snob