Unsafe directory error at startup.

[Pingouin]

Hello,

I just installed emacs-23.3.1 on a 64-bit Windows server where I have
temporary admin rights.

I did copy my .emacs file from a 32-bit Windows workstation to the
startup directory.

At startup I get the following error.

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Warning (initialization): An error occurred while loading `c:/Program
Files/Emacs/.emacs':

error: The directory `~/.emacs.d/server' is unsafe
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&

this directory is created by Emacs itself, why is it "unsafe"?

After the error emacs doesn't go through the rest of my initialization
file and, of course, I don't get everything I want!

Thanks for any insight,

Gérald