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Registry permission problem with VS2012 Express for Desktop

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I cannot create a new project in VS2012 express, it says:

"Visual Studio does not have permissions to read the template information from the system registry.  This is often caused by registry permission problems."

I am running with admin rights.  Can't find any other advice on VS2012 having this problem.

Have just installed update 2, don't know if this caused the problem.


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