настройка svnserv (Решено)

Установил
dev-util/subversion-1.5.1 USE="apache2 berkdb doc dso java nls perl python sasl webdav-neon -bash-completion -debug -emacs -extras -ruby -vim-syntax -webdav-serf"

/etc/conf.d/svnserve
# The commented variables in this file are the defaults that are used
# in the init-script. You don't need to uncomment them except to
# customize them to different values.

# Options for svnserve
SVNSERVE_OPTS="--root=/var/svn"

# User and group as which to run svnserve
#SVNSERVE_USER="apache"
#SVNSERVE_GROUP="apache"

$ emerge --config dev-util/subversion

$ /etc/init.d/svnserve start
* Service svnserve starting
* Service svnserve started

$cd /home/maximax/svn/
$svn checkout svn://localhost/
svn: No repository found in 'svn://localhost'

Что делаю неправильно ?