check out IrfanView.
It is a free image organizer, and I think it will convert most RAW files.
I know that it will read them, I cant remember if it will let you re-save in a different format.
also look at the adobe website and see if they have a free plug-in for camera raw.
if all that is not working, you could always go upgrade your version of psElements I know that v.6 will support Adobe Camera Raw.
...mischance nothing, thus idle woe.
all beer has food value...
all food does not have beer value.