Featured posts in Wordpress *** cat1= category that will echo

Featured Posts

<div id="featured"> 
<?php query_posts('posts_per_page=1&cat=1'); ?> <?php if ( have_posts() ) while ( have_posts() ) : the_post(); ?> 
<h2><a href="<?php the_permalink(); ?>"><?php the_title(); ?></a></h2> <small><?php the_time('jS F Y'); ?></small> <p><?php the_excerpt(); ?></p> <p> <a href="<?php the_permalink(); ?>">Read More >></a> </p> <?php endwhile; ?> <?php wp_reset_query(); ?> </div><!--featured-->