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Are you using Cygwin to run msp430-gdb? I placed my gdb.ini file in the /home/[user-name]/ directory. In my case it was c:\cygwin\home\hugh\gdb.ini. The username will be based on your windows login. I ran into trouble because my username had a space in it. If this happens, you may need to create a new windows login without spaces. There were some hoops to get this working as well, but I don't recall what they were at the moment.