Can't load Application class, exiting...

Heya,
 
Running my first WOApplication, I encountered this rather strange error:
...
  /Library/WebObjects/Extensions/ 
Can't load Application class, exiting...
java.lang.ClassNotFoundException: Application
...
The application builds well, and neither are the classes bundled in a package, nor does its path contain any spaces. I try to run XCode's default target, not an Application Server/Web Server.
It has been suggested that the problem lies somewhere in the generated classpath:
...
Generated classpath: 
/Users/eitnwadm/ApplicationsHOMEROOT/APPROOT/Resources/Java/test.jar
...
I'm using  XCode 2.3 with Mac OSX 10.4.6 running on a MacBook Pro.
 
(for the full run-log, as well as the MacOSClassPath.txt, see below).
 
 
Thanks in advance for any pointers.
 
Chris

[Session started at 2006-08-10 06:12:58 +0100.]
Reading MacOSClassPath.txt ...
Launching Test.woa ...
java -XX:NewSize=2m -Xmx64m -Xms32m -DWORootDirectory="/System" -DWOLocalRootDirectory="" -DWOUserDirectory="/Users/eitnwadm/Desktop/CVsWOProjects/Test/build/Development" -DWOEnvClassPath="" -DWOApplicationClass=Application -DWOPlatform=MacOS -Dcom.webobjects.pid=26853 -classpath WOBootstrap.jar com.webobjects._bootstrap.WOBootstrap
appRoot is /Users/eitnwadm/Desktop/CVsWOProjects/Test/build/Development/Test.woa/Contents
Loading /Users/eitnwadm/Desktop/CVsWOProjects/Test/build/Development/Test.woa/Contents/MacOS/MacOSClassPath.txt
Generated classpath: 
  /Users/eitnwadm/ApplicationsHOMEROOT/APPROOT/Resources/Java/test.jar
  /System/Library/Frameworks/JavaFoundation.framework/Resources/Java/javafoundation.jar
  /System/Library/Frameworks/JavaEOControl.framework/Resources/Java/javaeocontrol.jar
  /System/Library/Frameworks/JavaEOAccess.framework/Resources/Java/javaeoaccess.jar
  /System/Library/Frameworks/JavaWebObjects.framework/Resources/Java/javawebobjects.jar
  /System/Library/Frameworks/JavaWOExtensions.framework/Resources/Java/JavaWOExtensions.jar
  /System/Library/Frameworks/JavaXML.framework/Resources/Java/javaxml.jar
  /System/Library/Frameworks/JavaJDBCAdaptor.framework/Resources/Java/javajdbcadaptor.jar
  /System/Library/Frameworks/JavaWOJSPServlet.framework/Resources/Java/javawojspservlet.jar
  /Library/Java/
  /Library/Java/
  /System/Library/Java/
  /Users/eitnwadm/ApplicationsHOMEROOT/Network/Library/Java
  /System/Library/Frameworks/JavaVM.framework/Classes/classes.jar
  /System/Library/Frameworks/JavaVM.framework/Classes/ui.jar
  /Library/WebObjects/Extensions/axis-ant.jar
  /Library/WebObjects/Extensions/axis.jar
  /Library/WebObjects/Extensions/commons-discovery.jar
  /Library/WebObjects/Extensions/commons-logging.jar
  /Library/WebObjects/Extensions/jaxrpc.jar
  /Library/WebObjects/Extensions/log4j-1.2.8.jar
  /Library/WebObjects/Extensions/saaj.jar
  /Library/WebObjects/Extensions/wsdl4j.jar
  /Library/WebObjects/Extensions/
Can't load Application class, exiting...
java.lang.ClassNotFoundException: Application
 at java.net.URLClassLoader$1.run(URLClassLoader.java:199)
 at java.security.AccessController.doPrivileged(Native Method)
 at java.net.URLClassLoader.findClass(URLClassLoader.java:187)
 at java.lang.ClassLoader.loadClass(ClassLoader.java:289)
 at java.lang.ClassLoader.loadClass(ClassLoader.java:235)
 at com.webobjects._bootstrap.WOBootstrap.main(WOBootstrap.java:68)
Test has exited with status 1.
 
# JVM              == java
# JVMOptions       == 
# JDB              == jdb
# JDBOptions       == 
# ApplicationClass == Application
HOMEROOT/ApplicationsHOMEROOT/APPROOT/Resources/Java/test.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaFoundation.framework/Resources/Java/javafoundation.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaEOControl.framework/Resources/Java/javaeocontrol.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaEOAccess.framework/Resources/Java/javaeoaccess.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaWebObjects.framework/Resources/Java/javawebobjects.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaWOExtensions.framework/Resources/Java/JavaWOExtensions.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaXML.framework/Resources/Java/javaxml.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaJDBCAdaptor.framework/Resources/Java/javajdbcadaptor.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaWOJSPServlet.framework/Resources/Ja va/javawojspservlet.jar
HOMEROOT/ApplicationsHOMEROOT/LOCALROOT/Library/Java
HOMEROOT/ApplicationsHOMEROOT/LOCALROOT/Library/Java
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Java
HOMEROOT/ApplicationsHOMEROOT/Network/Library/Java
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaVM.framework/Classes/classes.jar
HOMEROOT/ApplicationsHOMEROOT/WOROOT/Library/Frameworks/JavaVM.framework/Classes/ui.jar