There is a great example program that ships with the Vision 7 Development Module that tell you exactly how each codec on your computer saves your uncompressed AVI movie file. It tries each codec and returns the time it takes to compress and save the AVI, the quality of the compression, and the final file size.
The program can be found at C:\Program Files\National Instruments\LabVIEW 7.0\examples\Vision\2. Functions\AVI\AVI Compressor Comparison.llb
You need to have the Vision 7 Development Module to compress AVI files in LabVIEW.
KyleV