Headline view – query post

Hi there,

I want to show summary for the first news item, followed by the 3 latest.

So latest in full summary, and following 3 as titles only – currently using the following code. However it is repeating the first news item in the archive list.

How do i code the php so it misses the first news item from the archive list?

<?php query_posts('showposts=1'); ?>
						<div class="postmetadata">Posted on <?php the_time('j F Y') ?></div>
					<?php while (have_posts()) : the_post(); ?>
					<li><a href="<?php the_permalink() ?>"><?php the_title(); ?></a></li>
					<li><?php the_excerpt(__('(more…)')); ?></li>
					<?php endwhile;?>
				</ul>
					<ul class="archive">
						<?php get_archives('postbypost', '3', 'custom', '<li>', '</li>'); ?>
					</ul>