I need help with name based virtual hosting. When I configure the virtualhosts for one domain it doesn't use the default page that I requested. Both domains visit the same page and thats not what I want. I was wondering whats the right configuration to put in the httpd.conf file for name based virtual hosting. I need basic configuration to be added to the file.

Take a look at the examples here:
http://httpd.apache.org/docs/vhosts/name-based.html

If you still have problems then try posting the relevant part of httpd.conf so we can see your current configuration.

I am still having problems, here is my virtual host configuration.
NameVirtualHost 192.168.1.2
<VirtualHost www.setenv.gotdns.org>
DirectoryIndex /var/bin/index.htm
NameVirtualHost setenv.gotdns.org:80
DocumentRoot /var/bin
ServerName setenv.gotdns.org
ErrorLog logs/error_1.log
TransferLog logs/transfer_1.log
</virtualhost>

You need to made a vhost for each of the hosted pages. Try not to write the vhost name in <Virtual Host <here>> section, but instead write it as that:
<Virtual Host *:80> #if you run apache at port 80
ServerName www.setenv.gotdns.org
... other options... drop ServerName...
</Virtual Host>
Respective for the other vhost.
This works in Apache 1.3.27

Virtual hosts still do not work. This is what I have pasted into my httpd.conf file, check it out.
NameVirtualHost 192.168.1.2
<VirtualHost *:80>
DirectoryIndex /var/bin/index.htm
DocumentRoot /var/bin
ServerName setenv.gotdns.org
ErrorLog logs/error_1.log
TransferLog logs/transfer_1.log
</virtualhost>

heres mine: (httpd.conf)

#
# Use name-based virtual hosting.
#
NameVirtualHost *:80

<VirtualHost *:80>
ServerAdmin you@yourdomain.com
ServerPath /var/bin
DocumentRoot /var/bin/html
ScriptAlias /cgi-bin /var/bin/cgi-bin
DirectoryIndex index.html index.htm index.php
ServerName www.yourdomain.com
ErrorLog /var/log/httpd/error_log
CustomLog /var/log/httpd/access_log common
</VirtualHost>

<VirtualHost *:80>
ServerAdmin you@yourdomain2.com
ServerPath /var/bin2
DocumentRoot /var/bin2/html
ScriptAlias /cgi-bin /var/bin2/cgi-bin
DirectoryIndex index.html index.htm index.php
ServerName www.yourdomain2.com
ErrorLog /var/log/httpd/error_log
CustomLog /var/log/httpd/access_log common
</VirtualHost>

enjoy

Setenv02: you nead at least 2 <vritual host> sections - one for each vhost. There isn't meaning to make only one vhost, right?