Vista Blue Screen on connecting External Hard Drive

I have an old external hard disk (2005) and when ever I try connecting that to my Vista laptop thru USB, I get the dreaded blue screen. I am running Vista Home Premium 64bit on the laptop. On connecting, it says, installing device driver in the system tray and then the blue screen comes up.
I am able to connect to my netbook which has XP Home, with out any problems.
I have wiped put the drive using Media Wiper, then formatted it and still the error would not go away on my Vista PC.

This is the Problem Report I found -->

Code:

Problem signature:
  Problem Event Name:	BlueScreen
  OS Version:	6.0.6001.2.1.0.768.3
  Locale ID:	1033

Additional information about the problem:
  BCCode:	1000007e
  BCP1:	FFFFFFFFC0000005
  BCP2:	FFFFFA600092307D
  BCP3:	FFFFFA60021D27E8
  BCP4:	FFFFFA60021D21C0
  OS Version:	6_0_6001
  Service Pack:	1_0
  Product:	768_1

Files that help describe the problem:
  C:\WINDOWS\Minidump\Mini052409-01.dmp
  C:\Users\VjPhans\AppData\Local\Temp\WER-61370-0.sysdata.xml
  C:\Users\VjPhans\AppData\Local\Temp\WER146A.tmp.version.txt

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I have attached the dump files that were generated by the system.

I would appreciate any help from you guys.

Thanks,
VJ

While doing some searching I found this post in another forum from which it looks like this is a problem thats been happening with Vista SP1.

Thanks,
VJ