$PATH question

[Dazed_75]

I thought $PATH contained the series of paths searched to find an
executable file by the name specified on the command line.  Specifically if
my $ENV contains a $PATH which reads:

/home/larry/bin:<more paths>

that an executable file like foo.sh found in /home/larry/bin/ could be run
by simply typing foo.sh on the command line.  What am I doing wrong as it
does not work though it does if I type ./bin/foo.sh while in /home/larry/?

-- 
Dazed_75 a.k.a. Larry

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