It works just fine. If you want all the data suppressed to ~1E-18, that is.
The detailed help file for the Buterworth Filter VI states:
"The values for high cutoff freq: fh and low cutoff freq: fl must observe the following relationship:
0 < f1 < f2 < 0.5fs
where f1 is low cutoff freq: fl, f2 is high cutoff freq: fh, and fs is sampling freq: fs."
I suspect your problem is terminology. You want the high pass part of the filter to cut off at 0.01 Hz, meaning that it will pass everything above that frequency. But that is what LabVIEW calls the low cutoff frequency for a bandpass filter.
Lynn