I got that when the RAM configuration was wrong.
It was on a different board to yours, but this board needed 8mb as 4x 2mb sticks...I had 2x 4mb sticks installed, everything else worked fine except iBrowse & of course the same WHDLoad failure you are getting.
Maybe check the compatibility of your RAM? Check jumper positions too?
Try Jumper 20 on your GVP: Closed using 4mb sticks, Open using 16mb sticks.
PZ.