There's a variety of ways you can do this. You didn't say which version of LabVIEW you're using, but if you have LV 7 or later, you can use the Timed Loop structure. Plop it on the block diagram, double-click it to open the configuration window and set the period to the corresponding number of milliseconds for your time interval. If you have an earlier verison of LabVIEW you can use a while loop and the Get Date/Time in Seconds function. Sort of like the attached figure. Not that sophisticated, but you did say simple.