Personally, I've never used a butterworth at this high a frequnecy, but it's always worked fine for me in the 1000-10000 Hz range. Perhaps you could post your example code &/or data? Also, what order/pole are you using?
As a beginning point, use Help->Find Examples and search for Butterworth. Compare your design to those used in the examples, such as PtByPt and Array Based Filters.
2006 Ultimate LabVIEW G-eek.