No, there's not a problem. Animated GIF are not supported in any version of PD. I found that out after many tries (you can always read the help menu).
What I do know is to bring my gif's to Windows Movie Maker (PC), produce a wmv file there and then import it to PD.
Then gif works. I guess thats another one on the wish list for future versions of PD.
No more error messages!
No more crashes!
Great looking videos!!

Yeah I was going to do that but I figured I was just making it a lot harder on myself. Hoping for an easier solution. They should really impliment that in the next version.

Thank you both for that conversation!!! Omg, I thought four months of me creating animations from my dads 80th birthday party were down the drain! Ive created a 45 minute bday movie and 'majority' of it are with gif pics, ive created diff/various animations for. U guys dont know the true relief your words just gave me.. "The SUN has came out and the dark grey clouds are lifting, whewwww! I Thank you So much again & I'm sure my Family does too.... They've been waiting "months" to see this movie! TY, TY, TY.. hugsssssssss~ **CyberLink PowerDirector ROCKS** : )

I know your post is years old... I still hope my good wishes & joy finds you