[Yum] module issue

[Ghost Mac]

I'm running FC4 on a virtual server.
I have installed yum, though when I try to invoke yum I get;

# yum update
There was a problem importing one of the Python modules
required to run yum. The error leading to this problem was:

   No module named cElementTree

Please install a package which provides this module, or
verify that the module is installed correctly.

It's possible that the above module doesn't match the
current version of Python, which is:
2.4.1 (#1, May 16 2005, 15:19:29)
[GCC 4.0.0 20050512 (Red Hat 4.0.0-5)]
. . .

I have found and installed the cElementTree module. It is in the 
/usr/local/lib/python2.4/site-packages/ directory. I have ran the python 
import command, updateddb, and ran python self checks and everything looks 
to be in order. Any suggestions?

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