Hi,
With iptables the logging is different to ipchains. For example, you might have something like this to LOG and DROP all other tcp traffic after your ACCEPT rules :
/sbin/iptables -A INPUT -i eth0 -p tcp -j LOG --log-prefix "TCP-IN: "
/sbin/iptables -A INPUT -i eth0 -p tcp -j DROP
/sbin/iptables -A OUTPUT -o eth0 -p tcp -j LOG --log-prefix "TCP-OUT: "
/sbin/iptables -A OUTPUT -o eth0 -p tcp -j DROP
Basically, you have two rules instead of one for each logging. The first one would do the logging and the second one would perform that actual filtering - DROP or ACCEPT, etc. The --log-prefix parameter is something you can use to customise log entries for easier analysis. You can also use --log-level if you like. You also need to load the LOG module if it isn't already loaded :
/sbin/modprobe ipt_LOG
Hope this helps