The badge you are trying to display has one or more bitmap files associated with the designs and the original file(s) cannot be found. The reference to the file has been removed so that this error message will not repeat.
To redefine the bitmap associated with this badge you must select File, Revise Badge Design and assign an existing bitmap file to the bitmap holder. This problem usually occurs when a bitmap file previously assigned to a badge template is accidentally erased.
A text file has been created (with the name shown in the dialog) which contains a listing of the designs and which ones have missing bitmap files.