Compiling Modules on Windows XP SP2 - Max 1.20?

I have been trying to compile the following module:

[source]
Strict

Rem
bbdoc: Textured Poly Module
End Rem
Module Indiepath.texturedpoly
...
[/source]

However, it just will not compile?

I have created a directory called "C:\Program Files\BlitzMax\mod\pub.mod\indiepath.texturedpoly.mod"

And I put the file 'indiepath.texturedpoly.bmx" in the directory.

I tried control d from the default IDE and the following commands:

bmk makemods indiepath.texturedpoly.bmx
bmk makemods -a indiepath.texturedpoly.bmx

For some reason it just will not create any files in:

"C:\Program Files\BlitzMax\mod\pub.mod\indiepath.texturedpoly.mod"

What am I doing wrong?

Thanks