Siteminder - Fatal Error: Unable to fetch object

C:\>smobjimport -dsiteminder -wpa$$word -i"C:\Program Files\netegrity\siteminder\db\smdif\smpolicy.smdif" -v

Fatal Error: Unable to fetch object.

C:\>
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Open the policy server management console, data tab, and in Database for keystore select LDAP instead of default ODBC and select "use policy store database" if you using the same DB for both.