Ron,
It should because the memory is allocated by the create call. To be sure, put it in a loop and watch Windows Task Manager. In thre process tab you can make sure that your application is not growing. It will bounce around but shouldn't be constantly growing.
Matt Fitzsimons
NI Alliance Member
LabVIEW Champion
NI Certified LabVIEW Architect
LabVIEW, LV-RT, Vision, DAQ, Motion, and FPGA