I started running in early May with the C25K program. My first 5K was 2.5 weeks later and I finished it in 37 min and some change at 216 lbs. I continued with C25K and ran another 5K June 18th in 35 min flat. I was 204 lbs. I'm running my 3rd 5K on 8/7. I hope to be done with the program by then, be able to run the whole thing and have a 30min-ish time.
Congrats on finishing, but I would like to point out running on a treadmill is different than running outside. You'll probably have a slower time on the pavement. It's harder, you have to deal with uneven pavement and the threadmill moves your feet back for you (so theres some running muscles your not using).
On the flip side, running an actual 5K,with a mob of runners around you, gives you a crazy jolt of energy/adrenaline. It just pushes you to leave it all out there. You end up realizing you can run alot farther than you thought.
I would HIGHLY recommend the C25K program. I've been doing it with an electric timer and an I-pod outside. Though many chicks in the C25K thread are doing it on the treadmill.
http://www.coolrunning.com/engine/2/2_3/181.shtml