I’ve run into this error quite a few times, might as well toss blog entry about it:
ERROR 1064 at line 17: You have an error in your SQL syntax near ‘ENGINE=MyISAM DEFAULT CHARSET=latin1’ at line 7
One likely reason this comes about is because the data being imported/exported is not compatible with the database version. For instance, at home you export the information from a mysql5 database. Then you try to import it on a mysql3.23 database somewhere else – and it fails on you. Bummer.
The solution is quite simple:

 mysqldump --compatible=mysql323 -u root -p database > exportName.sql