Have a look at the following URL:
http://digital.ni.com/public.nsf/websearch/C6C6632A54DBA7DD86256275005E18E2?OpenDocument
Lab-PC-1200 is a non-E Series board, so the paragraph that applies to you is the following:
"The AM9513 counters (the STC found on some other National Instruments data acquisition boards, including the non-E Series MIO boards) will also work. What you do is use two counters. Make one count when rotating in one direction. The other counts when rotating the other direction. So make the counters count when the gate is high. For example, Counter1 counts when phase B leads phase A and Counter2 counts when phase A leads phase B. Put phase A into Source1 and phase B into Gate1. Also put phase B into Source2 and phase A into Gate2. You can fi
nd the total amount of rotation by subtracting the count of Counter1 from Counter2."
Hope it helps.
César Verdejo
Training and Certification | National Instruments