>>Use CONNECT or CREATE DATABASE to specify a database
>>SQL> CREATE DATABASE 'D:\Test2\Data.FDB'
>>CON> user 'sysdba'
>>CON> password 'masterkey' ;
>>SQL> PAGE_SIZE = 8192
>>CON> DEFAULT CHARACTER SET NONE ;

I think you should remove the ";" after the 'masterkey'. But because I never
used isql i don't really know.

Thomas