I had this same problem and apparently it
has to do with some experimental aminet
support. I had to make a directory in
Daemon/local called "aminet" and copy the
config file into there, it is working good
on my PegII now.

You can try this:
makedir AMIGIFT:daemon/local/Aminet
echo "" >AMIGIFT:daemon/local/Aminet/Aminet.conf
Or get a config file here:
http://xoomer.virgilio.it/cieffeeditingvideo/docs/