Just to clarify mrak1's answer. Near the top of the compile report (it may be on the second page as you scroll down) you'll find a section similar to the following. The number you are interested in is the number of slices and the percentage next to the actual number. This is the most direct indicator of the amount of FPGA space used by your VI.
Christian L
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Status: Successfully Transferred Result
Board Clock of 40.000000MHz Met: Yes (60.096154MHz)
Start Time: 6/8/2004 1:51:45 PM
End Time: 6/8/2004 2:06:58 PM
Device utilization summary:
Number of External IOBs 203 out of 324 62%
Number of LOCed External IOBs 203 out of 203 100%
Number of RAMB16s
16 out of 40 40%
Number of SLICEs 3523 out of 5120 68%
Number of BUFGMUXs 1 out of 16 6%
authored byChristian L, CLA
Systems Engineering Manager - Automotive and Transportation
NI - Austin, TX

