CREATE EVENT question

[Charles Yeomans]

I am trying out CREATE EVENT, but the event I create is not  
happening.  Here's the SQL:

USE master;
CREATE EVENT backup_thedatabaseTest2 FOR thedatabase
ON SCHEDULE AT CURRENT_TIMESTAMP
DO
BACKUP DATABASE WITH DIAGNOSE


The event is created in the master db, but my understanding is that  
the event should happen more or less immediately.  Is that not the case?

Charles Yeomans