I installed the script, however even though it creates the category directories, it is not creating,

Pages built on 23-Feb-2000 at 13:44:18
--------------------------------------------------------

** Loading Category information . . .
** Done (0 s)!

** Loading Summary information . . .
** Done (0 s)!

** Creating Home Page . . .
Subcategories: 4
Total Links: 3
Opening page: c:/www/links/pages/index.html
Closing page.
** Done (0 s)!

** Creating What's New Pages . . .

CGI ERROR
==========================================
Error Message : unable to open what's new page: $build_root_path/New/index.html. Reason: No such file or directory
Script Location : c:\www\links\cgi-bin\admin\nph-build.cgi
Perl Version : 5.00503

I would appreciated if you can suggest where I can be doing a mistake.