[iphone] Build Error - missing required architecture i386 in file

I too got the same error am using xcode version 4.0.2 so what i did was selected the xcode project file and from their i selected the Target option their i could see the app of my project so i clicked on it and went to the build settings option.

Their in the search option i typed Framework search path, and deleted all the settings and then clicked the build button and that worked for me just fine,

Thanks and Regards