Starting Router in GNS3, received error, DynamipsError: 209-unable to start VM instance 'ghost-baseconfig.txt-127.0.0.1.ghost'

 
Hello,
I have just installed GNS3, I have tested all the dynamips tests settings 'Dynamips 0.2.8 RC3 successfully started'.

After saving the base IOS config and image, when I start the router, I get an error saying, DynamipsError: 209-unable to start VM instance 'ghost-baseconfig.txt-127.0.0.1.ghost'

All paths are probably correct according to what I saw on GNS3 forums.

The problem has not yet solved.

Please help in solving the same.

Following is the exception.log file,

  File "GNS3\Scene.pyo", line 717, in slotStartNode

  File "GNS3\Node\IOSRouter.pyo", line 608, in startNode

  File "GNS3\Dynagen\dynagen.pyo", line 2420, in check_ghost_file

  File "GNS3\Dynagen\dynagen.pyo", line 2457, in _create_ghost_instance

  File "GNS3\Dynagen\dynamips_lib.pyo", line 2318, in start

  File "GNS3\Dynagen\dynamips_lib.pyo", line 4819, in send

DynamipsError: 209-unable to start VM instance 'ghost-baseconfig.txt-127.0.0.1.ghost'

Thanks a lot,

Regards,
TG