Hello
I would suggest you to first try the delivered profiler sample program.
Just open the project {Install}\(CodeWarrior_Examples)\SimpleProfiler\SimpleProfiler.mcp, select the build target Profiler (5282), build the project and try to run it on your board.
Is it working?
If it is working, just check the settings in the sample project and try to find out what is different.
Mainly make sure you are linking with the ProfileLibrary and that you have a proper implementation of the timer module for profiling.
Also make sure your application is not using/initializing the timer you are using for profiling.
Please refer to the readme.txt in that sample directory for info on how to set up a project for profiling.
I hope that helps.
CrasyCat