Hey No Problem.
The Link above will tell you that the File Locations have changed in the Later Versions of LW. You havn't lost your Files. You may need to redirect them to the old location and they should go back into the LW Library.
The Connection problem may be fixed by deleting the Prefs Folder. This will require you to reset All of your settings so write them down before you delete. See Link below for more Info.
If LW will not connect