Error: Object reference not set to an instance of an object. (4313332)

Error: Object reference not set to an instance of an object.

Error may display similarly:
Executed as user: PROD\login_name. Microsoft (R) SQL Server Execute Package Utility Version 9.00.3042.00 for 32-bit Copyright (C) Microsoft Corp 1984-2005. All rights reserved. Started: 12:07:14 PM Progress: 2008-10-20 12:07:17.61 Source: {DFDCF8CE-F56C-42D3-923F-1F2A47DA50A3} Executing query "DECLARE @Guid UNIQUEIDENTIFIER EXECUTE msdb..sp".: 100% complete End Progress Error: 2008-10-20 12:07:17.91 Code: 0x00000000 Source: Back Up Database 1 Error executing LiteSpeed. Description: Object reference not set to an instance of an object. End Error DTExec: The package execution returned DTSER_FAILURE (1). Started: 12:07:14 PM Finished: 12:07:17 PM Elapsed: 3.719 seconds. The package execution failed. The step failed.