The TDS meter read in ppm (parts per million), it sounds like. My water is about 400ppm, while my DI is "0" ppm.
Unlike pH meter and other instrumentation, conductivity-based meter (TDS, etc.) usually does not need to be calibrated as often, but you should calibrate it maybe every few months.
If you are a hard-core water geek, you should only trust a NIST-certified meter and calibration fluids. But for hobby purpose, what you have is more than what most of us expected.
However, most hobby meter give you a "0" when the water conductivity is under-ranged (RO/DI water will do this to all hobby meter that I see), and I am pretty sure it is also true in your case.
You should read Randy's recent article on TDS meter on one of the online magazine. The caveat is that TDS meter does not measure all the impurity in water, and "0" is indication of underranging. But before you freak out by the caveat, be rest assure that your RO/DI probably is working very well. I would check the RO water (before being DI'ed) just to make sure the RO membrane is working properly. In fact, TDS meter is intended for monitoring RO water, and not RO/DI.
Oh, another thing is that the TDS reading can be +/- 10 ppm, so even if the DI output is 5ppm, it maybe just a meter that needs to be recal'ed.