Eagles Coach is right on the money here. Because the MINDSTORMS environment is built on LabVIEW 7.1, that's the only version you can use to create custom blocks for the environment. LabVIEW 8.0 and 8.2 are useful if you plan to do all your programming in LabVIEW itself, but won't help you create blocks for MINDSTORMS.
You could use the "Save for Previous" feature of LabVIEW to backport your code to 7.1, but that would require you to have both LV 8.0 and LV 7.1.
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James Blair
NI R&D