Not possible to create environment

Anaconda 4.1.6 Python 3.5.2
Not possible to create environment why?

(C:\Users\saxs\Anaconda3) C:\Users\saxs\GIT\SAXS_py3>conda env list
# conda environments:
#
root                  *  C:\Users\saxs\Anaconda3


(C:\Users\saxs\Anaconda3) C:\Users\saxs\GIT\SAXS_py3>conda create -n Test2 Python=2.7
Using Anaconda Cloud api site https://api.anaconda.org
Fetching package metadata ...
(C:\Users\saxs\Anaconda3) C:\Users\saxs\GIT\SAXS_py3>conda env list
# conda environments:
#
root                  *  C:\Users\saxs\Anaconda3


(C:\Users\saxs\Anaconda3) C:\Users\saxs\GIT\SAXS_py3>conda -V
conda 4.1.6

(C:\Users\saxs\Anaconda3) C:\Users\saxs\GIT\SAXS_py3>python -V
Python 3.5.2 :: Anaconda 4.1.1 (64-bit)

(C:\Users\saxs\Anaconda3) C:\Users\saxs\GIT\SAXS_py3>