You do not go for the easy stuff do you?
If you REALLY want to walk that path, I will offer the only hint that I can.
Re-write the dll that is called by NI-DAQ.
Your re-write will have to echo the calls to the original dll and add the extra functionality of leting you eaves drop on the activity.
In the meanwhile, could you share with us what the LV 5.1.1 program does that you do not want to re-write?
Who know, maybe one of wrote it and still has the source.
Ben