1.1.2 vs. 1.2.7 -- connection from localhost denied - help

["David J. Ferrero" <david.ferrero@zion.com>]

Ok, I'm running RH 6.0 and was successful w/basic setup using openldap
1.1.2
Recently I upgraded openldap to 1.2.7 - following the basic setup as
before only using /etc/openldap instead of /etc/ldap, I am unable to get
beyond a server denying access...Did defaultaccess change to deny all
for 1.2.7?

I followed the slapd.conf and basic company ldif configurations and

installed ldif with ldif2ldbm -i test.ldif

I tried running ldapsearch as follows (diff domain used) but it fails...

What am I missing here?

Thanks for any help.
-- David

CLIENT REPORTS
---------------------------------------------------------------
ldapsearch -d 9 -L -b "dc=mycompany, dc=com" "(objectclass=*)"
ldap_init
ldap_bind_s
ldap_simple_bind_s
ldap_simple_bind
ldap_send_initial_request
open_ldap_connection
ldap_connect_to_host: localhost:389
sd 3 connected to: 127.0.0.1
ldap_delayed_open successful, ld_host is (null)
ldap_send_server_request
ber_flush: 14 bytes to sd 3
         0 0c 02 01 01  ` 07 02 01 02 04 00 80 00 
ldap_result
wait4msg (infinite timeout)
** Connections:
* host: localhost  port: 389  (default)
  refcnt: 2  status: Connected
  last used: Mon Dec  6 12:44:38 1999

** Outstanding Requests:
 * msgid 1,  origid 1, status InProgress
   outstanding referrals 0, parent count 0
** Response Queue:
   Empty
do_ldap_select
read1msg
ber_get_next
ldap_perror
ldap_bind: Can't contact LDAP server


SLAP reports the following:
----------------------------
slapd[23791]: select activity on 1 descriptors 
slapd[23791]: new connection on 8 
slapd[23791]: fd=8 connection from localhost (127.0.0.1) denied. 
slapd[23791]: listening for connections on 6, activity on
slapd[23791]:  
slapd[23791]: before select active_threads 0