Here's a Jing video
demonstrating how to add assembly references in the Standalone version. We also have a user's guide article
on this. Yes, the Standalone version automatically compiles upon execution.
The VS plugin does not have the Script Options in Project Settings because you can add directly into the References folder under your project. Please see this KB article
and ensure no assemblies are missing.
All the best,
the Telerik team
for a live 'What's New in Test Studio R1 2011 SP2' event on Tuesday, July 19 at 2pm EST!
Have you looked at the new Online User Guide
for Telerik Test Studio?