Compiler not compiling?

Hi,

I am trying to compile a project using Keil v3.55. I get no warnings, status bar looks fine:

Build target 'Target 1'
assembling ADuC702x.s...
compiling testproj24.c...
linking...
creating hex file...
"testproj.elf" - 0 Error(s), 0 Warning(s).

But at the end no .hex, .o, .d, or .elf files are created. All I get is a .plg and a .lnp.

I've tried this on a brand new project and get the same results. I also don't seem to get any errors or warnings, which seems to suggest to me that perhaps I'm not compiling at all...

Any ideas??

Thanks!!