Video Studio 5???????
Gosh that version must be about 4 or 5 years old.
Anyway, the error occurs under the following conditions,
1. Insufficient resources for MPEG capture. The solution to this is to capture in lossless AVI DV format.
2. There is a conflict with Adobe Premiere (v6.x onward). There is certainly a patch for this in version 7 onward, but I will do a bit of digging to see if there is a patch for version 5.
Meantime can you post back your project settings and your Capture settings.
COMPAQ something or other with 500Gb Boot Disk, 1Tb external Firewire Disk, 4Gb Memory and a super duper sound card, 19" TFT Monitor etc etc etc
Sony TRV33e : Sony TRV310e : Canon XM2
Sony Vegas Studio editions to v11
Remember, there is always more to learn than there is to teach.