PhpMyAdmin not working on localhost

Question

I had recently installed the Xampp version:1.7.7 on my external hard drive which supported the Windows 8 system operating with a downloaded version of 4.1.7 of the phpmyadmin. This was updated to the new version to the new phpmyadmin version 4.1.7

I am somehow receiving the following error once i type localhost/phpMyAdmin:

Object not found!

The requested URL was not found on this server. If you entered the URL manually please check your spelling and try again.

If you think this is a server error, please contact the webmaster. Error 404 localhost 02/13/14 17:16:55 Apache/2.2.21 (Win32) mod_ssl/2.2.21 OpenSSL/1.0.0e PHP/5.3.8

I had a check up in the security link PhpMyAdmin which however, enabled the 'config.inc.php' to pop up. I need help and how can this be rectified ? Any help will be really appreciated.