How to compile python script to binary executable

I need to convert a Python script to a Windows executable.

I have Python 2.6 installed to python26.

I have created one script and kept it in C:\pythonscript. Inside this folder there are two files

Setup.py and oldlogs.py (this file need coversion)

setup.py code is

from distutils.core import setup
import py2exe

setup(console=['oldlogs.py'])

How can I convert oldlogs.py to an exe file?