First of all, you must know that version 1.0 is the oldest version of all. There were numerous "bugs," and you might want to consider either upgrading or moving on to The Master Genealogist (TMG), which can directly import UFT data without use of Gedcom.
Secondly, it sounds like you have opened the project several times in UFT without saving the information on the hard drive as a project. This tells me that you have a small project, too. IF you get it opened again, you may want to do just that. To run a project constantly from a diskette is not safe and could really fowl things up.