Resolution: Use the "openToolbox" utility located in the <BC>/bin:
1> Run <BC>/bin/openToolbox 2> Open Property Editor 3> Click View Menu and then select "Show Advanced Properties" 4> Select the "Trace" tab 5> From the section "Ae Trace Roles", remove the # in front of all the properties and set all of them to true 6> Go to the end of the screen and set "Activate Script Tracing" property to true removing the # in front of it 7> Save the properties file 8> Restart BC
The trace gets generated under <BC>/log/server directory. Engine.1 gets generated under <BC>/im/bin/errlog directory.