Audio Preferences menu "Unhandled exception"

[Strange]

Everytime I access OPTIONS-> PREFERENCES -> AUDIO i get this:

BSPlayer v1.00.800, Unhandled exception at EIP: 004A6C74
If you click 'Close' application will be terminated.
Please report this info to the author with description what were you doing.
Access violation at address 004A6C74 in module 'bsplay.exe'. Read of address 00000000
EAccessViolation
, 0x004DFFFB, 0x004E01F9, 0x004534E7, 0x0044A832, 0x77D37AD7, 0x77D3CCD4, 0x77D156B6, 0x77D16202, 0x780B3B55, 0x780CFFFB, 0x780D2032, 0x780D2D28, 0x780D33CD, 0x77D37AD7, 0x77D3CCD4, 0x77D15CD6, 0x77D15CF5, 0x00438367, 0x004357CC, 0x0046D880, 0x0044A832, 0x77D37AD7, 0x77D3CCD4, 0x77D14455, 0x77D14D58, 0x004E0BC4, 0x77E614C7


If I click "continue" i get:
Bytes at EIP: 8B 00 FF 50 0C 8D 45 E4 E8 47 F2 F5 FF 33 C0 55 68 F2


WinXP Pro
SB Live!
GF2 MX
DX9
latest drivers for all.