Why won't Eclipse compile my code in java 1.5?

Question

I have installed Eclipse 3.5.2 and the JDK for Java 6.

Here's my installed JREs in Eclipse

alt text http://img806.imageshack.us/img806/3345/eclipsejres.jpg

I am trying to compile with an ant build file, part of which looks like this and specifies java 1.5:

<target name="compile" depends="build-common, init" description="Compile files. ">
    <javac srcdir="${src_dir}" destdir="${build_dir}" debug="true" target="1.5" source="1.5">
        <classpath path="${tomcat_home}/lib/servlet-api.jar;${tomcat_home}/lib/log4j-1.2.15.jar;/usr/local/lib/portlet-api-1.0.jar;." />
    </javac>
</target>

But when I try to compile, the console window displays the following error:

compile:
    [javac] Compiling 1 source file to H:\jephperro\portlets\build
    [javac] javac: invalid target release: 1.5
    [javac] Usage: javac <options> <source files>
    [javac] where possible options include:
    [javac]   -g                        Generate all debugging info
    [javac]   -g:none                   Generate no debugging info
    [javac]   -g:{lines,vars,source}    Generate only some debugging info
    [javac]   -nowarn                   Generate no warnings
    [javac]   -verbose    ....

BUILD FAILED
H:\jephperro\portlets\CourseList-build.xml:25: Compile failed; see the compiler error output for details.

Total time: 531 milliseconds

What's my problem with Eclipse?