This is a timeout error, which means the computer runs out of time before it acquires an image. My initial guess is that the signal from the camera is not reaching the IMAQ board. To verify this, disconnect the cable from the camera and see if the same problem occurs.
Things to check: Is the power for the camera wired correctly and working? Are all the camera switches in the default position? Is the signal cable correctly wired?
Bruce
Bruce Ammons
Ammons Engineering