install python 3.1

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http://forums.fedoraforum.org – I want to install python 3.1 on my fedora 11. I tried using yum update python command but it says no packages marked for update the current version is 2.6 which file should i download from www.python.org and where do i save it ? also how to install it ? I searched for help on google and fedora forums but there is not a single post on updating to python 3 As I am new to Linux so I have never used any other command apart from yum I hope someone please takes this into consideration. Thanks and Regards Rajiv (HowTos)