Have u tried disabling the timed_statistics=false in 8.1.5 there is a bug I 
am not sure.
But try this out,
When you are saying u are seeing very high version_count,then I have a 
feeling it pointing to that bug.
Try disabling the timed_statistics and see.



>From: [EMAIL PROTECTED]
>Reply-To: [EMAIL PROTECTED]
>To: Multiple recipients of list ORACLE-L <[EMAIL PROTECTED]>
>Subject: Re: Shared pool wait for library cache pin
>Date: Wed, 02 Jan 2002 13:35:20 -0800
>
>
>Yes,  there are a handful with more than 400.
>I'm not sure what high is?
>
>Cherie
>
>
>
>                     "George
>                     Schlossnagle"          To:     Multiple recipients of 
>list ORACLE-L <[EMAIL PROTECTED]>
>                     <schlossnagle@py       cc:
>                     thian.com>             Subject:     Re: Shared pool 
>wait for library cache pin
>                     Sent by:
>                     [EMAIL PROTECTED]
>
>
>                     01/02/02 02:41
>                     PM
>                     Please respond
>                     to ORACLE-L
>
>
>
>
>
>
>Do any of your queries have a high version_count (visible through
>v$sqlarea)?
>
>George
>
>----- Original Message -----
>To: "Multiple recipients of list ORACLE-L" <[EMAIL PROTECTED]>
>Sent: Wednesday, January 02, 2002 3:20 PM
>
>
> >
> > We are seeing a lot of shared pool waits (for libary cache pin) on
> > our 8.1.5 web-based application.  We are seeing this via Precise/Indepth
> > SQL monitoring tool.
> >
> > I haven't been able to find much documentation on shared pool waits or
> > library cache pins.
> >
> > Can anyone tell me what might be causing this problem?
> >
> > Thanks,
> >
> > Cherie
> >
> > --
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>--
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>Author: George Schlossnagle
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