I recently took over some VisualDSP projects and when I go to compile them I get 'CTool: Execute failed to CreateProcess (The system cannot find the file specified.)' Doing some searching I came across this: http://ez.analog.com/message/30197 which might have applied as that I checked everything out of Subversion and put it in my own (and probably) different location than the guy who checked it in. However, I made the mod per the above link and I still get the error.
By the way, to the Analog Devices guy who wrote this print statement, you should print out the complete path and file name of the file in question. Your attempt is barely as good as not printing anything out and about as helpful.