If it is really
really new (incredibly stiff and painful), you might consider soaking it as suggested here:
http://www.sheldonbrown.com/leather.html
I followed the "baptism" instructions on a brand new, stiff-as-a-board, honey brown b17 and it came out dark brown and far far far more comfortable to ride. Instructions say 30min to 1hr. I did 40 min. 20 min probably would have done the trick. I used Wilson's BB Glove oil from Meijer. $1.99