Hello Martin,
I'm surprised to hear you say that you see only one Target Initialization (.cfg) file for the ADS5121. You should have a whole set of them, like these:
5121_e300_init_dbg.cfg
5121ADS_init.cfg
5121ADS_init_ROM.cfg
5121ADS_init_sram_flash.cfg
5121ADS_uboot_init_Linux.cfg
These files are in the \Program Files\Freescale\CodeWarrior for MobileGT V9.2\PowerPC_EABI_Support\Initialization_Files\52xx folder. If you really don't have these files you may need to re-install your 9.2 CodeWarrior for mobileGT. When you do get them, any one of the first four files will be good candidates on which to base your own .cfg file.
-Ron