initdb failure

Hi All

I have been trying to install PostgreSQL-8.4 on Windows 2000 server and keep getting the following

creating template1 database in C:/PROGRA~1/CISCOS~1/CSCONccm/objects/PostgreSQL/8.4/data/base/1 ... initdb: could not execute command ""C:/PROGRA~1/CISCOS~1/CSCONccm/objects/PostgreSQL/8.4/bin/postgres.exe" --boot -x1 -F ": No error

                initdb: removing contents of data directory "C:/PROGRA~1/CISCOS~1/CSCONccm/objects/PostgreSQL/8.4/data"

I have checked the archives but did not see any solution so far.

The data directory does have inheritable permissions for user postgres to read, write, modify etc.

Thanks

Pankaj