What Sup module are you using ?
The latest IOS for both chassis on CCO is below, if you are running Sup-6-E
Thanks for your reply. Actually i am using below IOS and wondering if i can use the same one for 4507 r e;
Ok, you are running an older version that is not supported on the 4507-R-E. As per Jon's note, you have to upgrade both your switches to 12.2(53)SG4 in order to have the same IOS on both chassis.
From the 4500R E Q&A -
Q. Will a new Cisco IOS® Software image be required to support the WS-C4507R+E and WS-C4510R+E chassis?
A. Cisco IOS Software Release 12.2(53)SG4 or beyond is required to support the WS-C4507R+E and WS-C4510R+E chassis.
So if you already have that IOS or later you are fine. If not you will need to upgrade.