[mod_python] location directive

I'm trying to get modpython3 working with a location directive , i've 
got the following in my apache conf:

<Location 
/python>                                                             
    AddHandler mod_python 
.py                                                  
    PythonHandler 
mptest                                                       
    PythonDebug 
On                                                             
    PythonPath "['/usr/local/www/html/test/'] + 
sys.path"                      
</Location>

however when i hit /python on my webserver i get the following in my 
error log:
[Sat Sep 15 20:54:28 2007] [error] [client 66.67.50.9] File does not 
exist: /usr/local/www/html/python