IT WORKS after I emptied the armory database folder.
Lesson learned when running Armory unmanaged with Bitcoin Core next to it:When redirecting armory's database and bitcoin core database. Make sure to create manual shortcuts to the applications like:
"C:\Program Files (x86)\Armory\ArmoryQt.exe" --datadir="D:\Armory Database" --satoshi-datadir="D:\Bitcoin Core Database"
"C:\Program Files\Bitcoin\bitcoin-qt.exe" -datadir="D:\Bitcoin Core Database"
Look at the cpu use to confirm that Armory is still busy. Sometimes it seems to 'hang' at 99% or 100% but Armory is still busy building the datase.
The Armory database in 0.94.1 won't be GB big, just about 150MB.
When armory is building the database and there is no change in the database and Armory crashes, then empty the database folder en try again.
Thanks for the help here!