initdb fails

Hi All,

I am trying to install postgresql-7.4.1-3, but initdb fails with
following message-

bash-2.05b$ initdb -D /usr/local/pgsql/data
The files belonging to this database system will be owned by user
"Administrator
".
This user must also own the server process.

The database cluster will be initialized with locale C.

creating directory /usr/local/pgsql/data... \c
ok
creating directory /usr/local/pgsql/data/base... \c
ok
creating directory /usr/local/pgsql/data/global... \c
ok
creating directory /usr/local/pgsql/data/pg_xlog... \c
ok
creating directory /usr/local/pgsql/data/pg_clog... \c
ok
selecting default max_connections... \c
100
selecting default shared_buffers... \c
1000
creating configuration files... \c
ok
creating template1 database in /usr/local/pgsql/data/base/1... \c
cat: not found
ok
initializing pg_shadow... \c
FATAL: could not open file "/usr/local/pgsql/data/global/1262": No such
file or
directory

initdb: failed
initdb: removing data directory "/usr/local/pgsql/data"

Any help is appreciated.

Vinod