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I am not writing this one, Scott Guthrie wrote a series of tutorials, and as far as I can tell it works just as well with Silverlight 5, it is pretty basic and I would recommend it for anyone who is beginning in silverlight.
Get started at the following link:
https://weblogs.asp.net/scottgu/pages/silverlight-tutorial-part-1-creating-quot-hello-world-quot-with-silverlight-2-and-vs-2008.aspx