[TYPO3] Cannot import extensions on Typo3 4.0.2 Windows

[Chris Bischoff]

Hello,
When I hit retrieve/update or I try to search for an extension, I get 
this error...

Fatal error: Maximum execution time of 60 seconds exceeded in 
C:\..\typo3\mod\tools\em\class.em_index.php on line 1424

I have Typo3 4.0.2 installed on a Windows server.

Thank you for any help.

~Chris