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Unable to launch the TI debugger session(since Target connect option is disabled)

Other Parts Discussed in Thread: TMS320C5505

I am using TMS320C5505 eZDSP usb stick on ccsv4. I tried  to delete the existing project ,existing target configuration and I tried to create a new target configuration and I imported the LED (Example) project.But after building was over I was unable to load the program and the target connect/disconnect options are disabled.I was unable to launch the TI debugger.when I tried to launch the TI debugger it has shown some error.I am attaching the screen shot with this post.Any one can suggest me regarding this.