1. Make sure the library property is not set to Read Only (right click llb->Properties-> General)
2. It may be an XP permission error -> make sure you're logged in as the admin.
See also: http://digital.ni.com/public.nsf/3efedde4322fef19862567740067f3cc/d95e17dfa38ca8a386256b21007660d0?OpenDocument
-AND-
http://digital.ni.com/public.nsf/3efedde4322fef19862567740067f3cc/e421b72d47c19dee86256c9b007a6472?OpenDocument
2006 Ultimate LabVIEW G-eek.