1- create a new page called ex: Newest arrival
2- go to Design tab and add this code

<reference name="content">
<block type="catalog/product_new" name="home.catalog.product.new" alias="product_new" template="catalog/product/new.phtml" after="cms_page"><action method="addPriceBlockType"><type>bundle</type><block>bundle/catalog_product_price</block><template>bundle/catalog/product/price.phtml</template></action></block>
</reference>

3- save the page

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Magento ver: 1.3.2.4

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