FAQ:Errors
From Audacity Development Manual
|< Index of Frequently Asked Questions
Why do I get "Error: not well formed (invalid token) at line x"?
This means that the .aup project file contains a foreign, or accented or control character at the line quoted in the error message. This means either you have an ANSI build of Audacity (you can check this at Help > About Audacity), or you have a Unicode build but the .aup file you're opening was created by some other ANSI build of Audacity. It could also mean that there is a problem with the metadata of the file (information like artist or genre).
Peter 24Apr12: Link to full article to be provided later.