You should have installed VISA when you installed the software for the GPIB board. You can verify this in MAX (Measurement and Automation Explorer). You can also go to MAX, select the GPIB board, right click and select Scan for Instruments. Your LCR meter should be found. Assuming that's it's found, with the Getting Started VI, click the little down arrow on the VISA resource name control. Along with things like Com1, LPT1, you should find your LCR meter listed as GPIB0::? where ? is the address of the meter. Make sure this is selected before trying to run the VI. If you want, you can just open the VI called HP428XA Initialize.vi and run that first. Once you get that to work, everything else should be OK.
The VI will run whether you have LabVIEW 7 or 7.1.