Failing miserably here :-(
I'm trying to simply colour my pumpkin for the compo, i've previously unwrapped etc, and in Vert Colours i've put a plain orange. when i do the Bake bit, nothing happens. i've tried an existing image and a new UV Grid image, and each time the UV window changes to a New empty grey grid and i get the "no object or image to bake to" error. i'm following what you're doing as fara s i can tell, maybe i'm not understanding you when you say you need to assign a texture to the UVs? i tried creatign a new image and unwrapping agian, that didn't work either.
TIA