Jana
When you bought DIP 10 did you buy DIP Suite or just DIP? If you bought DIP Suite (which I think is the most common) then you have Digital Image Library. Check it out. It is great!

I have found that creating a folder with the name of the person that created the elements/paper works the best for me. Once I reach 700 mb I burn everything onto CD and then in PSP7 I can browse the folder and print thumbnails. I think put these hard copies (which I print at the lowest print level to save ink) in a big binder by CD number.

I found that doing them seasonally, or type of element made it hard to remember what items went with which papers kwim? So, I keep all kits together.