java.awt.image.ComponentColorModel throws exception with Float and Double data

In jdk1.4 beta 42, attempting to initialize a ComponentColorModel with Float or Double data causes an exception: java.lang.IllegalArgumentException: This constructor is not compatible with transferType 4 for float, java.lang.IllegalArgumentException: This constructor is not compatible with transferType 5 for double.

A Description of how to run sample program that encounter these problems is in the Comments section