code wont go :-)

code wont go :-)

Hi there.
The following code doesn't fadeout the box.
Can anyone see why?

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8" />
<title>Test Page</title>
<script src="jquery-1.3.2.js" type="text/javascript"></script>
<style type="text/css">
#box
{
background:red;
width:300px;
height:300px;
}
</style>
<script type="text/javascript">

$(function() {
$('a').click(function() {
$('#box').fadeout();
});
});
</script>
</head>
<body>
<div id="box"></div>
<a href="#">CLICK ME!</a>
</body>
</html>