VMWare converter fails with Unable to update drive letters for the destination volume layout

I have tried converting a Windows Server 2003 R2 SP2 32 bit from physical to virtuel with VMWare Converter 5.5.

But every time it fail with "this Unable to update drive letters for the destination volume layout".

I have tried searching for it, but with no luck.

converter-gui-15.log

2013-12-10T19:01:17.911+01:00 [01264 info 'Default'] Connecting to host 192.168.101.12 on port 443

2013-12-10T19:01:17.911+01:00 [01264 info 'Default'] localVersion is: vim.version.version9

2013-12-10T19:01:17.927+01:00 [01264 info 'Default'] Remote version is: vim.version.version9

2013-12-10T19:01:17.927+01:00 [01264 verbose 'Default'] [VimApi] Local and Remote Version are the same. Talking with version vim.version.version9

2013-12-10T19:01:17.942+01:00 [01264 info 'Default'] Authenticating user root

2013-12-10T19:01:17.942+01:00 [01264 verbose 'HttpConnectionPool-000019'] HttpConnectionPoolImpl created. maxPoolConnections = 1; idleTimeout = 900000000; maxOpenConnections = 1; maxConnectionAge = 0

2013-12-10T19:01:18.020+01:00 [01264 verbose 'Default'] VimConnectionStore stopping keepalive

2013-12-10T19:01:18.020+01:00 [01264 info 'Default'] Scheduled timer canceled, StopKeepAlive succeeds

2013-12-10T19:01:18.020+01:00 [01264 info 'vmomi.soapStub[18]'] Resetting stub adapter for server <cs p:03ac8c40, TCP:192.168.101.12:443> : Closed

2013-12-10T19:01:18.020+01:00 [01264 info 'wizardController'] FillPage()

2013-12-10T19:01:18.020+01:00 [04944 info 'ThreadPool'] Thread enlisted

2013-12-10T19:01:39.942+01:00 [01264 verbose 'ManagedMachineDataConnectionLogger'] VimConnectionStore stopping keepalive

2013-12-10T19:01:39.942+01:00 [01264 info 'ManagedMachineDataConnectionLogger'] Scheduled timer canceled, StopKeepAlive succeeds

2013-12-10T19:01:39.942+01:00 [01264 info 'vmomi.soapStub[13]'] Resetting stub adapter for server <cs p:039f4a88, TCP:192.168.101.12:443> : Closed

2013-12-10T19:01:39.973+01:00 [06068 info 'ConverterSession'] Converter::Client::Gui::Common::DiagnosticDataProvider::ClearLastKnownSource - Clearing last known source.

2013-12-10T19:01:39.989+01:00 [06068 info 'vmomi.soapStub[10]'] Resetting stub adapter for server <cs p:03b1fde0, TCP:192.168.101.12:443> : Closed

2013-12-10T19:01:39.989+01:00 [06068 verbose 'wizardController'] VimConnectionStore stopping keepalive

2013-12-10T19:01:39.989+01:00 [06068 info 'wizardController'] Scheduled timer canceled, StopKeepAlive succeeds

2013-12-10T19:01:39.989+01:00 [06068 info 'ConverterSession'] Logging out of the Converter Server. (Session ID = "dbce63e1-5753-cd60-e8df-25bd0d81a4b4")

2013-12-10T19:11:22.235+01:00 [06068 info 'ConverterSession'] Converter data provider created.

2013-12-10T19:11:22.235+01:00 [06068 info 'DiagnosticDataProvider'] Converter::Client::Gui::Common::DiagnosticDataProvider::DownloadTaskDiagnosticFile - Using task converter.task.Task:task-5

2013-12-10T19:11:23.235+01:00 [06068 info 'DiagnosticDataProvider'] Converter::Client::Gui::Common::DiagnosticDataProvider::DoDownloadDiagnosticFile - Received bundle info (converter.DiagnosticManager.TaskLogBundleInfo) {

-->    dynamicType = <unset>,

-->    key = "task-5-diag-20131210173033-gpxwme.zip",

-->    timeCreated = "2013-12-10T17:30:33.032778Z",

-->    format = "zip",

-->    content = (converter.DiagnosticManager.BundleContent) [

-->       "workerLogs",

-->       "serverLogs"

-->    ],

-->    size = 447190,

-->    crc = -69986784,

--> }