grants for non-root

[Wolfgang Riedel]

I try to set *all* privileges to a user, which should not called 'root' 
but should have its privileges (I'm connected as root):
mysql> grant all on *.* to 'mysqladmin'@'localhost';
Query OK, 0 rows affected (0.00 sec)

But now I get
mysql> show grants for 'mysqladmin'@'localhost';
ERROR 1141: There is no such grant defined for user 'mysqladmin' on host 
'localhost'

What does it mean? What's wrong?
The problem occurs with MySQL-4.0.20 at Linux Fedora, it does not occur 
with MySQL-3.23.

Thanks for any help.
Regards, Wolfgang
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