I had never used the default splash screen in 2005 before but here i go and i get an exception "Object reference not set to an instance of an object." WHY!

I just create a new application, create a new form (frmMain) and i make it my startup.
Then i create a new form(the default splash Screen in the IDE) and make it my splash screen in the application properties.

I Build succesfuly and then run the application. Well at this point the splash screen shows but while it closes, i expect the startup form(frmMain) to simply show...but i get this exception. Damn, i cant even find an answer anywhere.
Has someone gotten into this before?