Hmmm,
I thought this kind of error had been fixed in LV 6? I'm not familiar with LabView 6, but in 5.1 if you try and load bitmaps or jpegs on to the screen (or if the front panel of the VI has an image on it) it causes errors in drawmgr.c. Does your VI contain any kind of graphics, pictures, images, decorations, etc? If so, try removing them (if possible). I admit this isn't ideal, and may not be related to your problem, but it's the only way I've ever got rid of drawmgr errors.
If this doesn't help, try using Windows NT task manager to keep track on the allocated memory and number of allocated handles. You may have a memory leak, or your ActiveX control may not be releasing handles.
Hope this is of some help,
Jonathan