Once HEN is running you should see this in System Information:

Only after that you will be able to run the downgrader (which is the XY.Z Update)

X.YZ Update should be in GAME->MEMORY STICK->X.YZ Update of your PSP menu (A.K.A. XMB - Cross Media Bar)
Read he instructions from the filename in the Readme.txt file as many times as necessary until you understand the whole process.
Alternatively you can check some videos of the process which probably will clarify you one or two things (since it does not seem that you know what your are doing, no offence mate).
http://www.youtube.com/re...sp+3.03+downgrade&search=