I think you forgot to start the task before reading.
I don't have Labview, so I don't know how you do that. In C code you would call DAQmxBaseStartTask() before reading.
I ran into that same improbable error code:
http://forums.ni.com/ni/board/message?board.id=250&message.id=13408
John Weeks
WaveMetrics, Inc.
Phone (503) 620-3001
Fax (503) 620-6754
www.wavemetrics.com