When I press the run button LabVIEW 7 shows more visible area of the front panel than I want. In other words, it shows more visible area than my objects take up in the front panel. I want to show the visible area of the front panel that I want.
Simply resize the window. The VI will remember its absolute position and window dimensions at the time that it's saved - so be sure these are to your liking when you save.
You can also control whether the window can be resized at run-time through VI Properties > Window Appearance.