MSP430f5529 on MSP-TS430PN80USB

I'm a newbie at programming so please bear with me. I have a MSP430f5529 chip in a msp-ts430pn80usb board connected with a msp-fet430uif connected to a computer. I'm trying the sample code at lighting the LED but nothing's happening. I'm using IAR.

code im using:

#include <msp430f5529.h>

void main(void) {   volatile unsigned int i;

 WDTCTL = WDTPW+WDTHOLD;                   // Stop WDT  

 P1DIR |= BIT0;                            // P1.0 set as output

  while(1)                                  // continuous loop  

 {   

  P1OUT ^= BIT0;                          // XOR P1.0    

 for(i=50000;i>0;i--);                   // Delay  

 }

 }