Hi,
I'm glad you solved the problem. Now, according to image you've posted...
I there a reason you don't use latest ExifToolGUI?
And a small advice, if you don't mind: I think it's not a good idea to put ExifTool and ExifToolGUI into "Program Files" directory. This directory is ment for installed (OS registered) software -but ExifTool & GUI aren't installable. This doesn't make much difference on WindowsXP, but on Windows7 (64bit) you can expect unpredictable things will happen. For example.. did you noticed, that ExifToolGUI.ini (shown in your image) did not changed since March, 2010? In reality, this ini file changes everytime user exits GUI. Yes, because GUI is not "installed" application, OS doesn't allow writting into "Program Files" folder -so, ini file is being written somewhere else (meaning, ini file shown in your image, is useless).
And then, threre's a thing just happened to you: duplicate ExifTool versions...
I recommend to create separate directory, where you put in all "non-installable" programs, for example:
C:\MyTools\ExifToolGUI
-and put ExifToolGUI there.
In my opinion, for ExifTool, the best place is C:\Windows -if ExifTool is saved here only, then it will be (guaranteed) used by any software which calls ExifTool (and you'll avoid duplicates).
Bogdan