Error: No ConnectionString setting found in web.config with name '4249PITS_afd10013-b35c-4a59-8cf6-d9c3792d4375' when running create exchange calendar items in Smart client

Error: No ConnectionString setting found in web.config with name '4249PITS_afd10013-b35c-4a59-8cf6-d9c3792d4375' when running create exchange calendar items in Smart client 
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 3.05.516
 3.0.516, Service Pack 10

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