Alright I found the save folder in the roaming/renpy folder. It's named islandxxxxxxxx. I tried to copy the saves from the game but somehow I screwed up and got an empty folder so I didn't delete the roaming/renpy save backup folder. I d/l 1.0.1 and updated it to 1.1.1. Then I tried playing again with same result. I ran renpy.bat and played again with the same result. So the only thing it can be is that pic didn't come with the 1.1.1 update. So my options are to try to follow the instructions to copy that pic or start over. Problem with either choice is that the exception doesn't prevent me from continuing game play. I might run into other exceptions because of missing pics but should be able to just ignore them. I think I will continue to play and hope that the next update corrects those errors and will be able to use old saves and not cause a game ending error.Yes I saw that on your traceback. Not sure what renpy.dat does or is supposed to do as I do not believe I have used it. If you have a Renpy folder under your Roaming folder, somewhere in there is a folder with the Holiday Island saves. May be named Island-123456 or something similar, but it is in there. You could always cut that raoming/renply folder and move it somewhere else like another drive if available. You are just trying to remove any and all traces of Holiday Island so you can ensure a clean install.
Personally, I would try unren.bat you can do a search within f95Zone to find it posted several places. Copy it into the Holiday Island folder and run it. You want option (#9) 'Run All of the Above.' That will create a folder under your game folder named Images which has all the GC's for the game. Then you can see if that file I mentioned before is there.
Thanks again for the help.