[color=#00CC00]Panel > Goodies > MySQL Databases[/color]
Click [color=#0000CC]phpMyAdmin[/color] under Web Administration and login to your database.
Select your Drupal database and click on drupal_users in the left pane.
Click the Browse TAB up top of the right pane.
Click the pen icon next to user "1" under the 'uid' heading (often "admin").
Type the password you want in the password field and select MD5 under "function".
Hit the Go button at lower right.
Log in to your site
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