[TYPO3] unable to install tt_news on typo3 v4b3

[oneilch]

I am unable to install tt_news 2.2.24 , I am getting
the following error messages:

Extension: News (tt_news) Dependency Error
The running PHP version (5.1.2) is higher than allowed
(5.0.5)
The running TYPO3 version (4.0beta3) is higher than
allowed (3.8.1)

I am using :
typo3 verison 4 bera 3
php 5.1.2
mysql 4.1.1


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