You have to play around with opening a serial device, reading from it and translating the strings read to values
and after that it is very easy to update a realtime graph in labview.
I suggest try to play with the serial visa vi's to see what you get in and then built a function that reads until a specific endcharacter and translates this to a value.
In labview 6 opening of the port is not strictly needed but helps.
greetings from the Netherlands