Keep getting 404 error

I'm a total newbie to django and just started the book. I created a
project and I'm now trying to create my first page, but I keep getting
an error page that says:

Page not found (404)
Request Method: GET
Request URL: http://127.0.0.1:8000/
Using the URLconf defined in redlab.urls, Django tried these URL
patterns, in this order:
^hello/$
The current URL, , didn't match any of these.

Here's what's in my urls.py file:

from django.conf.urls.defaults import*
from redlab.views import hello

urlpatterns = patterns('', ('^hello/$', hello),)

# Uncomment the next two lines to enable the admin:
# from django.contrib import admin
# admin.autodiscover()
# Examples:
# url(r'^$', 'redlab.views.home', name='home'),
# url(r'^redlab/', include('redlab.foo.urls')),

# Uncomment the admin/doc line below to enable admin
documentation:
# url(r'^admin/doc/', include('django.contrib.admindocs.urls')),

# Uncomment the next line to enable the admin:
# url(r'^admin/', include(admin.site.urls)),

please advise. thnx.

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