Ignore it.
Error 208 is Object not found. It's not uncommon for profiler to show 'false' errors due to internal deferred name resolution.
http://blogs.sqlserver.org.au/blogs/greg_linwood/archive/2004/12/16/40.aspx
Gail Shaw
Microsoft Certified Master: SQL Server, MVP, M.Sc (Comp Sci)
SQL In The Wild: Discussions on DB performance with occasional diversions into recoverability