Christof -

You are the juice! I submitted a service request to Microsoft via WebResponse. I got bored waiting for them to respond so I tried your suggestion via the command window. That worked so well that I just wrote a little prg to do all the replacing and was astounded at how fast my project opened. It's like having my regular project back again! Thanks so much!

For anyone else who's interested:

USE myproject.pjx
REPLACE local WITH .t. ALL
USE
MODI PROJ myproject NOWAIT
USE myproject.pjx AGAIN ALIAS fred
SKIP +1 && local for the first record in the pjx stays .t.
REPLACE local WITH .f. REST
USE

Thanks again!