Well,it was a very stupid thing to do on my part, But I made a 500 GB USB connected Hard Disk as my swap partition (thinking it will be only used during installation) and installed Ubuntu10.10.
I intend to create a different partition, on the same USB drive if needed(lets stick to this at the moment, if not I am open to creating a different swap space on the internal hard disk) and use the USB drive for my work on Ubuntu.
Can you suggest how to do it?