error 1045 when setting up

[Velox Furor]

I appogize if this was answered elsewhere, i searched for about half and hour and cound not find anything. Anyway, when setting up the database and doing the whole -

GRANT ALL PRIVILEGES ON * TO Username@localhost IDENTIFIED BY 'Password' WITH GRANT OPTION;

I keep getting an error, yes i did enter in my own username and password, ive tried the entire setup atleast 5 times and i keep getting

ERROR 1045: Access denied for user: '@locahost' (Using password : NO)

So if anyone has any info it would be much appreciated, thanks