well considering it is very hard to acheive both simutanously. however with different protocols it is possible. if you are just new to lifting then you have an ever greater chance of gaining muscle and loosing fat at the same time.
and Yanick suggested, read over the stickies (top of forum) for some great info/ideas.
" To dream anything you want to dream: That is the beauty of the human mind. To do anything you want to do: That is the strength of the human will. To trust yourself to test your limits: that is the courage to succeed."
Its is possible to lose fat and gain muscle at the same time, but it takes alot of determination and hardwork. I would suggest either cutting or bulking, and then when you are done with which ever option you choose you can do the other.