Peachtree software

I have Peachtree Complete Accounting v8.0.02 (2001)on a PC running XP sp2 and it worked fine until I also installed Peachtree Accounting Educational Version 2007. Now I receive two different errors while trying to open the older Peachtree 8.0. The first one is, "File system error number: 20 in file: C:\peachw\Status.dat" then I click "OK" to close the prompt,and the Peachtree screen appears momentarily as if it were going to open, and then the other error of "File system error number: 20 in file : C:\peachw\Options.dat" appears. Can these two pieces of software co-exist on the same PC? If so what configuration changes do I need to make? Thank you.
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