Use the older version of Convert Lit (v1.5) to transform the e-book into non-DRM5 LIT. Than use CLIT v1.8 to extract its content.
CLIT v1.5 uses a different method of hooking into Microsoft Reader, and it still works with the latest Reader version. You can also use CLIT v1.5 to extract the content; however, CLIT v1.8 fixes a few output bugs and should therefore be used.
Hope that helps.
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