Resource Reservation Owner Won't take Group

I recently upgraded my servers to V7.02. Also upgraded template on Resource Reservation DB. Am trying to create a new “restricted” resource. When I choose Owner Restiction of “Owner Only” and populate the Owner’s Name field with a person it works. When I choose Owner Restiction of “Owner Only” and populate the Owner’s Name field with a group, I get “The following name: xxx is not listed in the Name and Address Book” message.