[Jimwh]

I'll answer in reverse order...I did try Archive and Install but found that my issue did not resolve itself, so that's why I double-checked my back up and went with a clean install. Then proceeded as previously mentioned.

This does not happen with a newly created library.

As for the console and crash log, I've pasted below. Unfortunately it's all Greek to me...

My apologies for a very long post...I'll have to post the Crash log separately.

******
Console:

3/20/09 8:50:46 PM ReportCrash[497] Formulating crash report for process iPhoto[488]
3/20/09 8:50:48 PM ReportCrash[497] Saved crashreport to /Users/jim/Library/Logs/CrashReporter/iPhoto_2009-03-20-205044_jim-xxxxxxx-macbook-pro-17.crash using uid: 501 gid: 20, euid: 501 egid: 20
3/20/09 8:50:48 PM ReportCrash[497] Saved crashreport to /Users/jim/Library/Logs/CrashReporter/iPhoto_2009-03-20-205044_jim-xxxxxxx-macbook-pro-17.crash using uid: 501 gid: 20, euid: 501 egid: 20
3/20/09 8:50:47 PM com.apple.launchd[129] ([0x0-0x2d02d].com.apple.iPhoto[488]) Exited abnormally: Bus error
3/20/09 8:50:54 PM ntpd[14] time reset +0.330698 s