Trouble with gettng values to appear in inspector

Hi all,

I am very new to unity and scripting in javascript, and am confused...

I am watching a tutorial on how to make a character shoot, and have completed the script. But when I add it to the character, and look at the script in the inspector, the values i want to appear there are not appearing....it is just the script referenec? I hope this makes sense. Here is the code, i want to be able to see the variable 'pellet' in the inspector when I add it to a character...

 #pragma strict
 
 var pellet : Transform;
 
 function Start () {
 
 }
 
 function Update () {
 
     if (Input.GetKeyUp("o"))
     {
         public var pelletfire = instantiate (pellet, gameObject.find("Bullet_spawnpoint").transform.position, Quaternion.identity) 
     }
         
 
 }