VS 2010 " The Type Initializer for 'Microsoft.Dynamics.BusinessConnector.Session.SessionCache' threw an exception"

Hi all,
While creating  a new SSRS project in VS2012 for AX 2012 , I got the error :

 " The Type Initializer for 'Microsoft.Dynamics.BusinessConnector.Session.SessionCache' threw an exception"

To resolve this error  ,

• Open CMD , as administrator
• Run the following command :

             lodctr /r

It helped me to create new Project .