env: node: No such file or directory

[snoblenet]

At the command line, I get:

$ which coffee
/usr/local/bin/coffee
$ which node
/usr/local/bin/node

So, in preferences, I've set TM_COFFEE to /usr/local/bin/coffee.

Now when I open a .coffee file and select Bundles > CoffeeScript > Compile and Display JS, I get:

env: node: No such file or directory

What should I do?

Thanks,

Steven