Check your specification. There should only be a Page Header and an End of Page section.

Try creating a new letter from a template, in the specification editor under the file menu select Open Template and then Dunning Letter (assumes you have v8) or try printing a letter from the sample data. If this works then it is definitley your specification that is the problme.
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Douglas Dickie
AccSys Solutions Inc
Phone: 1.888.534.4344
ddickie@accsyssolutions.com