initdb 'no such file or directory' error

Hi

I am having trouble running initdb on Cygwin/Windows XP Pro: the error I am
getting is as follows:

$ initdb -D /home/pgdata

The files belonging to this database system will be owned by user
"postgres".

This user must also own the server process.

The database cluster will be initialized with locale C.

creating directory /home/pgdata... ok

creating directory /home/pgdata/base... ok

creating directory /home/pgdata/global... ok

creating directory /home/pgdata/pg_xlog... ok

creating directory /home/pgdata/pg_clog... ok

cp: cannot stat '/dev/null.exe': no such file or directory

Having searched the lists I cannot seem to find anything relating to this
last line: cp: cannot stat '/dev/null.exe': no such file or directory

Any help that anyone can provide would be much appreciated.

Thanks

Ian