>Please go through the links from comment to this blog http://blogs.lessthandot.com/index.php/DataMgmt/DataDesign/truncate-log-in-all-your-user-databases

I see that a shrink should never be done on a database. Some also suggested that this command be removed completely from the product. My test were local and were intended to be done only once.

>BTW, have you switched recovery mode to simple before running shrinkfile ?

Yes, it is.