Hi,
The very first time that you run the CM it will process (i.e. index) all the assets.
This isn't a quick process - leave well alone and have a cup of tea (or similar).
I'm not sure that you've reported the full version - the latest I have is 42203.
Assuming that you haven't downloaded anything (yet) you should not have a problem with the built-in assets in 2010.
If you do, use the "repair database" option - again, it does take a while)
HTH
Colin