Windows error occurred while running SP_TRACE_CREATE
I recieved this error message today. The full error message was:
Windows error occurred while running SP_TRACE_CREATE. Error = 0×80070050(error not found).
I was in the process of testing a server side trace to capture a new overnight process rather than sit around waiting. In this case, the trace file I was attempting to create already exsited. I deleted the old trace file and ran the script again. Problem solved!