Marta,
this seems to be an issue with the new iTunes 7.3.
I'm having the same problem, as are a number of other individuals as  
evidenced by the 27,000 views and 150 posts in this thread on the  
apple support discussion board.

http://discussions.apple.com/thread.jspa?threadID=1015845&tstart=45

the long and the shot of it seems to be you have a few options:

1. wait for apple to issue  their 7.3.1 fix.
2. re-build/re-create your iTunes Library as referenced here:

http://docs.info.apple.com/article.html?artnum=93313

be warned, that this second option erases all of you ratings and last- 
time-played info.

It seems that apple is so concerned about the iPhone, that they  
forgot about the rest of us.

Rick

On Jul 1, 2007, at 8:03 PM, Marta Edie wrote:

> Could some of you geniuses out there enlighten me what I should  
> do ? An error sign comes unto my screen  in short intervals and  
> tells me that iTunes library cannot be saved . What  might  that  
> mean, and also that an unknown error occurred -50. I could click  
> this "Do not warn me again", but then I never will find out what  
> has happened.
> Marta
>
>
>
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