Thanks Jason, that seemed to have worked, I am not getting the error message any longer. However, I did notice that when I have added the options that they did not populate into the drop down box once I clicked "add" and even had a server shut down error twice. After adding the code snippet, the response time slowed down quite a bit.
When I clicked finish after managing the drop downs and was back in the "Update Product Information" page, the drop downs are populated with the chioces I added.