Boost Build Warning

[Hoop]

Hi,
I am trying to run the Hello World example in Boost.Python from the
Building Hello World documentation. I believe that I have everything
set up right but I get these three warnings,

warning: no toolsets are configured.
warning: you won't be able to build C++ programs.
warning: please consult the documentation.

Not sure how to set up the toolsets or what documentation is being
refered to here.
To compile I do,( from the example, for using VS2005)
bjam -s VC80_ROOT=vc-8_0
not totally sure if that is right so I have tried a few others like,
bjam -sTOOLS=vc-8_0

Any help would be appreciated.
Thanks
Jeff