time/ntp[d]

[michael]

It seems my clock is losing time but yet I have 'enable Network Time
Protocol' enabled and set to a local time machine. If I

	sudo /etc/init.d/ntpd stop
	sudo /usr/sbin/ntpdate 130.88.200.6

then it resets it to the correct time, so how come it's losing time? 

I was expecting to see stats in /var/log/ntpstats (as per my Debian box)
but that dir doesn't exist on this Fed box...

Any ideas folks? Ta, M