call specific entry in template

I’m re=-working a template that I downloaded. On the main index page instead of showing all new entires I would like to only call one specific entry. The problem is that when I put in the query to call a specific post it just times out. It seems to get stuck in an infinite loop… Obviously I’ve doing something wrong, but I don’t know what. Here’s my current code:

<?php get_header(); ?>
<?php include(TEMPLATEPATH."/sidebar1.php");?>
<div id="main">
	<div id="content">
	<?php if (have_posts()) : ?>

		<?php while (have_posts()) : the_post(); ?>

			<div class="post" id="post-<?php the_ID(); ?>">
				<h2><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>"><?php the_title(); ?></a></h2>
				<small><?php the_time('F jS, Y') ?> <!-- by <?php the_author() ?> --></small>

				<div class="entry">
					<?php
					// retrieve welcome entry
					query_posts('p=3');
					?>
				</div>

				<p class="postmetadata">Posted in <?php the_category(', ') ?> | <?php edit_post_link('Edit', '', ' | '); ?>  <?php comments_popup_link('No Comments »', '1 Comment »', '% Comments »'); ?></p>
			</div>

		<?php endwhile; ?>

		<div class="navigation">
			<div class="alignleft"><?php next_posts_link('&laquo; Previous Entries') ?></div>
			<div class="alignright"><?php previous_posts_link('Next Entries &raquo;') ?></div>
		</div>

	<?php else : ?>

		<h2 class="center">Not Found</h2>
		<p class="center">Sorry, but you are looking for something that isn't here.</p>
		<?php include (TEMPLATEPATH . "/searchform.php"); ?>

	<?php endif; ?>

	</div>

<?php include(TEMPLATEPATH."/sidebar2.php");?>
<?php get_footer(); ?>

Any help? Thanks!