Jaime ... I too have PSE 5.0 and have not been able to get it to work either.
It does look like Kathleen has 5.0 and it works for her, but I cannot figure it out. I will try to PM Kathleen and see if she can help us out.
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Mollie
My DD Gallery
DD Photo-a-Day Flickr Group
Software: Photoshop Elements 8.0
My Gear: Canon PowerShot G10, Canon D50
, Tameron 28-300 lens and Canon 50mm - 1.4 lens
Computer: iMac