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Q: 

silverlight - while creating new project I am getting error "object refernce not set to an instance of an object"

I have just started to use silverlight in visual studio 2k8. I have installed silverlight 3 tools for visual studio 2K8. Now while creating a new project an error is thrown - "object reference is not set to an instance of an object". Screen-shots are attached. Could you guyz please help?

Error screen shot
Create project screen shot

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