crontab -e on Red Hat 4.1.2-48

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http://serverfault.com – The following command on crontab does not work at all. 0 12 * * * mysqldump -hserverhpost -uuser -ppass db > /path/to/backu/$(date +%d-%m-%Y) I read extensively about this and i cannot see what is wrong with it. I doesn't seen to work at all. If i run the mysqldump command alone on the shell, it works fine, but when i send to crontab it doesn't. Am i missing something? I want it to run everyday at noon. Edit: The problem is: The dump file is not created. the command alone is supposed to store the mysqldump on a file on a folder. which works fine when i run it on the shell, but it (HowTos)