Proper,
Can you tell us anything else about the VI in question? For example does it use any driver VIs, such as DAQmx?
One thing you may want to try is saving for the previous version of LabVIEW and then reopening the file. You can do this by selecting
File»Save for Previous Version... and selecting LabVIEW 8.0. The internal conversion process may clear up whatever is stopping LabVIEW from loading your VI successfully.
Also if you don't mind sharing your VI with the world you can upload it here and I can take a look at it to see if I see the same behavior and/or offer any more specific help.
Regards,
Simon H
Applications Engineer
National Instruments
http://www.ni.com/support/