For pre-v2.0: click on "Log Failures." If this is an ASP.NET or .NET Windows service app, select the Custom option and using regedit, set [HKLM\Software\Microsoft\Fusion\LogPath] to point to an existing directory (like c:\mylogs, not c:\). If you need to log all binds, not just failing ones, set [HKLM\Software\Microsoft\Fusion\ForceLog] as a DWORD value to 1.
For v2: click on "Settings," then choose "Log bind failures to disk" if you only care about the failures or "Log all binds to disk" if you want to see all binding requests.
To turn on failure logging during a test run instead of by hand, have your script set [HKLM\Software\Microsoft\Fusion\LogFailures] as a DWORD value to 1 using regedit.
Then, click "OK." Now, re-run the process. Next, click "Refresh" in fuslogvw, and a line should appear for each binding failure (or for each bind, if ForceLog is set). Now, double-click on the line in the "Application" column for the interesting bind, and a web page should come up with the Fusion log.