Color Space Issue

[Mwasik]

I'm trying to use a collage template that I got off a blog. I noticed though when I open it in PS it Adobe rbg color space on the screen and when I upload an image into the template the colors are terrible. But if I open one of my processed images it's in the correct Srgb color space. How can I change that template to open in Srgb? Or am I screwed because this is how the blogger created the file?   Attached is a screen shot of the template in my screen.

[Damien Symonds]

Well spotted!  Pat yourself on the back.

Yes, definitely convert the template to sRGB before you start putting photos in it.

But here's the key - when you go to Edit>Convert to Profile, make sure you UNcheck the flatten box.