Date Data types -- COBOL400-L

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I'm new to ILE COBOL.  I'm trying to use the following date data types:
        01         DATE-FIELDS.                                         
            05     BDATE               FORMAT DATE '%M/%D/@Y'           
                                               VALUE '02/23/1949'.        
     
            05     CDATE               FORMAT DATE '%M/%D/@Y'.      
    
I get the following errors.
 *    72  MSGID: LNC1236  SEVERITY: 30  SEQNBR:  006700                   
       
          Message . . . . :   No PICTURE for elementary item 'BDATE'.     
       
 *    72  MSGID: LNC2974  SEVERITY: 30  SEQNBR:  006700                   
       
          Message . . . . :   FORMAT literal, ''%M/%D/@Y'', contains a
duplicate  
            conversion specifier, '@Y', at position 8. Statement ignored. 
       
 *    73  MSGID: LNC1236  SEVERITY: 30  SEQNBR:  006900                   
        
          Message . . . . :   No PICTURE for elementary item 'CDATE'.     
        
 *    73  MSGID: LNC2974  SEVERITY: 30  SEQNBR:  006900                   
        
          Message . . . . :   FORMAT literal, ''%M/%D/@Y'', contains a
duplicate   
            conversion specifier, '@Y', at position 8. Statement ignored. 
        

I've used both apostrophe's and quotation marks, but no difference.
These are nearly identical to the examples in the IBM Manual.  Any ideas
what's wrong?

Michael R. Saunders
School District of Manatee County
Technology & Information Services
Programmer/Analyst
saunderm@xxxxxxxxxxxxxxxxxx
(941) 708-8770 ext 2139

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