1.5.4 /static/ serving 500 error

Hi all,

with structure

|myproject
|---static
|    ---picture.jpg
|--myproject
    ---settings.py



settings.py
import os
MYPROJECT_PATH = os.getcwd()

DEBUG = True

***

STATIC_ROOT = os.path.join(MYPROJECT_PATH, 'static')

STATIC_URL = '/static/'

STATICFILES_DIRS = (STATIC_ROOT,)

in Django 1.5.4

I am receiving a 500 error in terminal and the "A server error
occurred. Please contact the administrator." text on the page.

I've sorted through the relevant Django docs, SO answers, and list
archives, but I don't seem to find an identical circumstance to this.
Anything jump out to anyone? Gratitude.

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