Hello,
If you are using the LabVIEW Embedded for Blackfin Module version 1.0 with LabVIEW Embedded Edition 7.1.1, then you will not see the utility to convert LEP files to .lvproj files for the simple reason that at the time the 1.0 version of the module was released, LabVIEW did not have .lvproj files. The utility is present only in the 2.0 and 2.5 releases of the Blackfin module to allow you to convert from the older LEP implementation to the newer lvproj implementation. If you do have a later version of the Blackfin module than 1.0, let me know and I'll be happy to look into it.
Also, for a faster response, be aware that we have a forum board dedicated to LabVIEW Embedded issues at http://forums.ni.com/ni/board?board.id=beta2 - this is the best place to post Blackfin questions in the future.
Cheers,
Matt Pollock
National Instruments