Error on adding log file

Hey.

I am trying to create a DB with the following:

CREATE DATABASE testdb
   USER SYS IDENTIFIED BY password
   USER SYSTEM IDENTIFIED BY password
   LOGFILE GROUP 1 ('D:\Oracle9\ora92\oradata\mynewdb\redo01.log') SIZE 50m,
           GROUP 2 ('D:\Oracle9\ora92\oradata\mynewdb\redo02.log') SIZE 50m,
           GROUP 3 ('D:\Oracle9\ora92\oradata\mynewdb\redo03.log') SIZE 50k
   MAXLOGFILES 5
   MAXLOGMEMBERS 5
   MAXLOGHISTORY 1
   MAXDATAFILES 100
   MAXINSTANCES 1
   CHARACTER SET US7ASCII
   NATIONAL CHARACTER SET AL16UTF16
   DATAFILE 'D:\Oracle9\ora92\oradata\mynewdb\system01.dbf' SIZE 325M REUSE
   EXTENT MANAGEMENT LOCAL
   DEFAULT TEMPORARY TABLESPACE tempts1
      TEMPFILE 'D:\Oracle9\ora92\oradata\mynewdb\temp01.dbf'
      SIZE 20M REUSE
   UNDO TABLESPACE undotbs
      DATAFILE 'D:\Oracle9\ora92\oradata\mynewdb\undotbs01.dbf'
      SIZE 200M REUSE AUTOEXTEND ON NEXT 5120K MAXSIZE UNLIMITED;


This is the error I am getting

ORA-01501: CREATE DATABASE failed
ORA-00301: error in adding log file 'D:\Oracle9\ora92\oradata\mynewdb\redo01.log' -
file cannot be created
ORA-27040: skgfrcre: create error, unable to create file
OSD-04002: unable to open file
O/S-Error: (OS 3) The system cannot find the path specified.

Any ideas
Eoin