only thing i can suggest is getting the update, i am sure there is a save by jsja that is without updates as he had the same problem
I was looking foward to manually put the game update into my usb drive. I've found the needed update, tranfered it to my usb, but still got that anoying message, it seems that you have to download update via Xbox Live to get things working. After some searching i found a tutorial, how to mod fable 3 saves without getting them ever corupted. It worked like a charm. Now I have female char with 20 mills at very beginning of the game. If anyone would like to download that save, I can post it here. Anyways thanks for your help and time madasahat, I'm really greatfull!