Capture/Import - Not all clips generated!

When I either capture or import a wmv file into MM2, it only generates the
first four clips of the video, which is only about 1 minute instead of all
15 minutes of the video. However, I can play the entire video with no
problems in Media Player 9. I have gobs of memory and hard drive space, so
it shouldn't be a space/memory issue. It's a brand new PC with AMD Athlon
XP 2700+, 512MB RAM, 80GB hard drive.

Also, the video was captured with MM2 at 640x480, 30fps using USB. Again,
the video appears to be perfectly fine, MM2 just won't import the whole
thing, whether or not I automatically generate clips or not.

Any suggestions?

Tom